November 16, 2020
Bankrupt talc producer Imerys Talc America Inc. secured court approval in Delaware Monday for a $223 million sale of its assets, but was separately ordered to clarify a $30 million debtor-in-possession loan order and pact.
November 04, 2020
Johnson & Johnson asked a Delaware bankruptcy judge Wednesday to reject debtor Imerys Talc America's objection to the consumer products giant's $20 million claim for talc injury liability, saying Imerys can't concede its own liability while denying J&J's claim.
October 30, 2020
A Delaware bankruptcy judge has given her approval for a $223 million stalking horse bid for the assets of talc supplier Imerys Talc America from Canadian mining investment company Magris Resources.
October 27, 2020
Bankrupt talc supplier Imerys Talc America's latest Chapter 11 disclosure "reeks of moral hazard" and potential conflict, according to an objection filed in Delaware on Monday by Johnson & Johnson, which is potentially on the hook for billions in debtor insurance claims.
June 30, 2020
A Delaware judge on Tuesday approved Chapter 11 sale procedures for Johnson & Johnson talc supplier Imerys Talc America Inc., despite opposition from a group of insurers who contended they may not be left with enough time to mount a challenge if certain insurance policies are included in the sale.
June 17, 2020
Johnson & Johnson has asked a Delaware bankruptcy judge to reject Imerys Talc America's Chapter 11 plan disclosure, saying it gives no information on how the cash in the talc injury trust fund the plan would establish will be distributed.
May 20, 2020
Johnson & Johnson talc supplier Imerys Talc America Inc. told the Delaware bankruptcy court Tuesday it should reject a bid by J&J to "seize control" of its Chapter 11 by taking over defense of talc injury claims at the center of the bankruptcy.
May 15, 2020
Talc supplier Imerys Talc America Inc. told a Delaware bankruptcy court Friday that it has reached an agreement on a Chapter 11 plan calling for a going-concern asset sale to fund payouts for thousands of personal injury claims for talc exposure.
March 20, 2020
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.
December 11, 2019
Alston & Bird LLP's $1.1 million fee deal in Johnson & Johnson talc supplier Imerys Talc America Inc.'s Chapter 11 case runs afoul of the U.S. Supreme Court's landmark Jevic ruling wiping out bankruptcy settlements that violate creditor hierarchy, the U.S. Trustee's Office said Wednesday.