Video: Judges On Chapter 11 Efficiency In Asbestos Bankruptcy: Bankruptcy Code Rule 2019

Are the multibillion-dollar asbestos bankruptcy trusts operating as efficiently as they should?  During HB Litigation Conferences' "Asbestos Bankruptcy:  Current Trends & Future Outlook" held in October 2010, the question was addressed by Hon. Randall J. Newsome with the U.S. Bankruptcy Court for the Northern District of California and Hon. Rosemary Gambardella with the U.S. Bankruptcy Court for the District of New Jersey, a panel discussion introduced and guided by the conference's plaintiff co-chair Kathy Byrne of Cooney & Conway. In this clip, the judges discuss Rule 2019 of the Bankruptcy Code. Should attorneys be required to provide a statement with their notice of appearance spelling out whether they are representing more than one creditor or equity security holder?