Cyprus Mines Corporation

  1. 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.

  2. 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.

  3. 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.

  4. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  5. June 23, 2022

    Cyprus Mines Wins Ch. 11 Stay Of Actions Against Parent

    Talc producer Cyprus Mines Corp. received approval Thursday from a Delaware bankruptcy judge to extend the automatic stay of litigation against its nondebtor parent company to stop the prosecution of claims for talc injury against the parent.

  6. June 14, 2022

    Small Biz Debt Limit Raised, Crypto Exec Can't Ditch Case

    Congress took action to permanently raise the debt limit for small business Chapter 11 cases, a former cryptocurrency investment firm executive can't ditch his own bankruptcy case, and a bankrupt hotel company asked to deny a $6 million fee request from its own attorneys. This is the week in bankruptcy.

  7. June 08, 2022

    Cyprus Sues In Del. Ch. 11 To Block 'Alter Ego' Talc Suits

    Bankrupt Cyprus Mines Corp. has launched a Chapter 11 adversary suit in Delaware to block "alter ego" talc personal injury claims against parent company Cyprus Amax Minerals Co. by known or future, unknown alleged victims.

  8. March 11, 2022

    Imerys, Cyprus Extend Mediation On Ch. 11 Talc Settlement

    Two bankrupt talc producers that supplied Johnson & Johnson told a Delaware bankruptcy judge on Friday that they were extending ongoing mediation with talc claimants and insurers as they work on a settlement to address thousands of ovarian cancer and mesothelioma claims.

  9. December 01, 2021

    Imerys, Cyprus Get Go-Ahead For Mediation In Ch. 11 Cases

    The Delaware bankruptcy judge overseeing the Imerys Talc America Inc. and Cyprus Mines Corp. Chapter 11 cases has given the companies the go-ahead to start mediation with their insurers to try to hammer out issues around a proposed talc injury settlement fund.

  10. November 15, 2021

    Imerys Judge Won't OK Mediation Without Clear Rules

    A Delaware judge overseeing the bankruptcies of Imerys Talc America Inc. and Cyprus Mines Corp. said Monday she wouldn't approve a three-month mediation to resolve outstanding confidentiality questions until the parties agreed on "the contours of mediation privilege."