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Monday, March 11, 2019
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Seeking protection from quickly mounting legal proceeding, Imerys Talc America and 2 of its subsidiaries filed for Chapter eleven bankruptcy protection weekday in Delaware.
Imerys may be a major talc provider for Johnson & Johnson commodity, together with the company’s picture powder and Shower to Shower line.
Litigants claim the talc-based product were contaminated with amphibole, resulting in cases of carcinoma and sex gland cancer.
The bankruptcy filing comes within the thick of associate current, high-profile trial in Calif. within which
a girl is blaming Imerys talc for her carcinoma, a rare cancer caused nearly solely from amphibole exposure. “After fastidiously evaluating all attainable choices, we tend to determined following Chapter eleven protection is that the best course of action to handle our historic talc-related liabilities and position the businesses for continued growth,” Imerys Talc America President Giorgio La Motta aforesaid during a statement. Subsidiaries Imerys Talc American state and Imerys Talc North American nation INC. conjointly filed for bankruptcy protection weekday.
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