Imerys Talc America, Inc., et al.

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Case overview

Case Number:

1:19-bk-10289

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 11, 2024
Under The Radar: Bankruptcy News You May Have Missed

A group of secured lenders to food giant Del Monte have asked Delaware's Chancery Court to find a liability management transaction was an event of default for an original loan, insurers are hoping two seasoned mediators will be able to iron out a long-running dispute with a bankrupt New York diocese, and lawyers for cancer patients say a bankrupt talc miner's Chapter 11 plan would result in uneven recoveries for personal injury claimants.
October 08, 2024
J&J Wins OK For $505M Deal With Bankrupt Talc Miners

A Delaware bankruptcy judge approved a $505 million settlement between a pair of talc producers and Johnson & Johnson after overruling an objection by a group of insurers to the deal, which would resolve several ongoing disputes with J&J over talc injury claims.
September 25, 2024
Mining Cos. Say $505M J&J Deal Would Benefit Talc Claimants

A pair of talc producers defended their proposed $505 million liability settlement with Johnson & Johnson at a hearing in Delaware bankruptcy court Wednesday, arguing that an objection from a group of insurers shouldn't derail an agreement that they believe would benefit claimants who alleged they were exposed to asbestos-contaminated talc.
August 15, 2024
Talc Miners Defend $505M J&J Deal From Insurer Objections

Two bankrupt former talc suppliers defended their proposed $505 million liability deal with Johnson & Johnson on Thursday before a Delaware bankruptcy judge who authorized discovery into the settlement by objecting insurers.
August 02, 2024
Insurers Ask To Block J&J's $505M Deal In Talc Miners Ch. 11s

A Delaware bankruptcy judge should reject a settlement between Johnson & Johnson and its former talc suppliers, a group of insurance companies said, arguing a proposed $505 million acquisition of Imerys and Cyprus Mines' indemnity claims also gives away the insurers' claims against Johnson & Johnson.
July 22, 2024
Giuliani In Limbo, Guo Faces Ch. 11 Trustee Suit

The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City mayor Rudy Giuliani's Chapter 11 case has still yet to be dissolved, and a new bankruptcy judge has ascended to the bench in New York.
July 15, 2024
J&J Agrees To Pay $505M In Talc Producers' Ch. 11

Talc mining companies Imerys and Cyprus Mines asked the Delaware bankruptcy court to approve a Chapter 11 settlement in which Johnson & Johnson would pay $505 million in cash and insurance proceeds into a talc injury trust, even if it petitions for bankruptcy a third time.
February 07, 2024
Imerys, Cyprus Mines Get Extension For Ch. 11 Mediation

A Delaware bankruptcy judge Wednesday gave bankrupt talc supplier Imerys Talc America and its former owner Cyprus Mines another three weeks in mediation to try to resolve what they said were outstanding insurance issues and prepare for a creditor vote on their Chapter 11 plans.
February 01, 2024
Imerys, Cyprus Mines Propose Ch. 11 Plans With $862M Trust

Bankrupt talc supplier Imerys Talc America, Inc. and its former owner Cyprus Mines Corp. asked a Delaware bankruptcy court to sign off on disclosure statements for their separate Chapter 11 plans that would create an $862.5 million joint trust to settle claims that their talc caused cancer.
January 26, 2024
Insurers Say Imerys' Mediation Request Cuts Them Out

A group of insurers has asked the Delaware bankruptcy court to reject bankrupt talc producer Imerys' bid to extend mediation over its Chapter 11 plan, saying the request is really meant to cut the insurers out of mediation.

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