J&J Says Talc Supplier Imerys Doesn't Need More Ch. 11 Time

By Vince Sullivan (March 20, 2020, 6:53 PM EDT) -- Johnson & Johnson objected Friday to the request of bankrupt talc supplier Imerys Talc America Inc. to again extend the time during which the debtor has the exclusive right to file a Chapter 11 plan, arguing the company hasn't made enough progress in the case to justify the extension.

In the objection, Johnson & Johnson said Imerys has already received three extensions of the exclusive period and that after 13 months in bankruptcy hasn't moved the cases forward or engaged with Johnson & Johnson — a creditor and key stakeholder in the case — in a constructive way.

Imerys filed for...

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