In July 2018, a Missouri jury ordered Johnson & Johnson (J&J) – Imerys Talc America is a key supplier of talc used in J&J baby powder – to pay a record $4.69bn to 22 women who said asbestos in talc caused ovarian cancer. The bankruptcompanynews.com blog is a service of New Generation Research, Inc., a leading provider of news, data … — A Delaware federal bankruptcy judge approved a preliminary injunction Feb. 22 in an adversary action filed by Chapter 11 asbestos debtor Imerys Talc America Inc., halting hundreds of personal injury suits against nondebtor affiliates so Imerys can enter into a settlement with the affiliates, as called for in their proposed plan of reorganization. For $223 million, Magris purchased substantially all of France-based Imerys S.A.’s Canadian and United States talc assets. Imerys recently announced a plan to resolve more than 14,000 lawsuits claiming the talc it sold to J&J caused women to develop cancer. About Imerys Talc America. We operate talc mines in Austria, France, Italy and Australia, providing us with an extensive portfolio of high-quality ores, as well as talc processing plants in Belgium and Japan. The bankruptcompanynews.com blog is a service of New Generation Research, Inc., a leading provider of news, data … Imerys, the talc mining giant and supplier of J&J, has put its North America subsidiaries on the market in order to escape further litigation from asbestos-related lawsuits. About Imerys Talc Canada. For $223 million. Imerys Talc America is the leading talc producer on the American continent, with operations in Montana, Vermont, and Texas. Imerys Talc America, the U.S. unit of French group Imerys SA, said it filed for bankruptcy because it lacks the financial clout to defend against nearly 15,000 lawsuits over its talc mineral product. Imerys Talc, talc supplier of Johnson & Johnson will sell-off its several subsidiaries to pay the settlement amount of thousands of talcum powder lawsuits filed by women nationwide. Imerys SA, a French-based processor of minerals for industrial processes, such as crushing talc into a fine powder for use in personal care products and cosmetics, is trying to pay its way out of 14,650 individual talc powder cancer lawsuits through a bankruptcy payment plan. In return, plaintiffs will drop their suits, allowing the businesses to emerge from Chapter 11. According to this Oct. 13, 2020, press release, Magris Resources Canada Inc. (“Magris”) is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc Business”) for US$223 million. Safety data sheets; Market-specific regulatory packages (GMO, BSE, allergens, food contact, halal, kosher, nanomaterials, etc.) The world’s leading talc producer, Imerys supplies 15% of global talc demand and is the sole supplier of raw talc that J&J uses to create its talc-based powders. Imerys Talc America, Imerys Talc Vermont and Imerys Talc Canada — units that sought bankruptcy protection last year — will be sold at auction with the proceeds going into a trust to compensate talc victims, the company said in a statement. After months of extensive negotiations, Imerys agreed to sell all the assets of its North American operation to fund a Talc Personal Injury Trust meant to compensate talc victims. Imerys Talc America Inc. is poised for a final push for bankruptcy-court approval to poll creditors on a chapter 11 restructuring proposal covering … Saturday, December 26, 2020 - Talc is the main ingredient in Johnson's Baby Powder and hundreds of other cosmetic brands sold throughout the world. Imerys Talc America, the company operating the talc-milling plant in Three Forks, was purchased out of bankruptcy by Magris Resources Canada Inc. on Feb. 16. 2021-03-11 - On Tuesday, Johnson & Johnson (J&J) and Imerys Talc America, Inc. over a remote hearing requested the New Jersey state appeals court to toss a $117 million verdict awarded to a man and his wife in damages against allegations of asbestos-laced talcum products. Imerys Talc America settled for … Imerys Talc Italy S.p.A ("ITI") may also file (but has not yet filed) a chapter 11 case in the United States. " J&J is appealing that verdict. ATLANTA, Feb. 17, 2021 /PRNewswire/ -- Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada or, collectively, the "Debtors") announced the completion of the sale of substantially all of their assets to affiliates of Magris Resources Canada Inc. ("Magris"). Law360 (March 9, 2021, 9:35 PM EST) -- Johnson & Johnson and Imerys Talc America called on a New Jersey state appeals court Tuesday to erase verdicts totaling $117 million in … Have you checked our Download Center which contains most of our Regulatory documents? Former talc miner Cyprus Mines Corp. filed Chapter 11 as part of a $130 million settlement with bankrupt Imerys Talc America Inc. over who owns insurance policies covering legal costs related to … Imerys SA, which mines talc used in Johnson & Johnson’s iconic Baby Powder and other products, agreed to turn over its North American operations to … WILMINGTON, Del. The bankruptcy will end litigation against Imerys that began in 2014 alleging both talc alone and asbestos-laced talc cause different types of cancer. Contact a regulatory / SDS expert. Bogged down by the talc litigation, Imerys filed for Chapter 11 bankruptcy in early 2019 and proposed to establish a fund to cover current and future talc lawsuits. Imerys Talc says the company’s decision to seek bankruptcy protection will not cause plant closures or have a major impact on any of its operations including the one in Timmins. The defendants have made the request over an array of alleged problems that happened during the trial, which include … The North American Talc Business is North America's premier producer of talc, which is a critical performance-enhancing ingredient used in a variety of industrial applications. Vermont Business Magazine Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada) announced the completion of the sale of substantially all of their assets to affiliates of Magris Resources Canada Inc.The US assets and related operations are now owned by Magris Talc USA, Inc. … A California Appeals Court Upholds $22 Million Talc Asbestos Cancer Verdict Against Imerys A California appeals court judge confirms that talc mined by Imerys was contaminated by asbestos. Imerys was Johnson & Johnson’s sole supplier of the talc it used in its baby powder. Giorgio La Motta, president of the three North American subsidiaries, said at the time that filing for bankruptcy “is an important, meaningful, strategic step for our business. Assets will operate under the name Magris Talc. Imerys is one of the world’s largest producers of talc with over a hundred years of talc expertise behind it. Imerys Talc America, the company operating the talc-milling plant in Three Forks, was purchased out of bankruptcy by Magris Resources Canada Inc. on Feb. 16. Imerys SA, which mines talc used in Johnson & Johnson’s iconic Baby Powder and other products, agreed to turn over its North American operations to … In early 2019, Imerys crumbled due to financial pressures and filed for bankruptcy.