September 02, 2022
The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.
August 29, 2022
A proposed class action in New Jersey state court that alleges fraud against Johnson & Johnson can proceed after a Delaware bankruptcy judge ruled Monday that the automatic stay of litigation imposed by the Chapter 11 filing of Imerys Talc America doesn't apply to J&J.
July 21, 2022
Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
July 20, 2022
A claimant in a putative class action against Johnson & Johnson said Wednesday the Chapter 11 stay in the bankruptcy case of Imerys Talc America can't pause the action alleging fraud against J&J because it doesn't implicate Imerys or its assets.
June 29, 2022
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.
June 23, 2022
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.
June 08, 2022
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.
March 11, 2022
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.
December 01, 2021
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.
November 15, 2021
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."