💥New Chapter 11 Bankruptcy - AIO US Inc.💥
Another case designed to address mass tort liabilities in bankruptcy.
On August 13, 2024, New York-based AIO US Inc. and three affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Goldblatt) — the latest example of a large corporate using the bankruptcy process to manage mass tort liability. One of the debtor affiliates is Avon Products Inc. (“API”), the non-operat…