J&J Talc Supplier Seeks Ch. 11 Amid Asbestos Suit Tidal Wave

By Rose Krebs (February 13, 2019, 6:38 PM EST) -- Imerys Talc America Inc., a supplier of pharmaceutical giant Johnson & Johnson, filed for Chapter 11 in Delaware on Wednesday, saying it's facing up to $100 million in debt from a litany of suits nationwide over claims that talc it produced contained cancer-causing asbestos.

The talc mining company and two affiliates hit Chapter 11 seeking to set up a trust to cover liabilities they face in connection with a tidal wave of talc litigation that hit Imerys, J&J and other parties over the past few years. Imerys said it has been sued by about 14,650 individual claimants.

As costs have mounted, the...

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