Johnson & Johnson’s talc supplier, Imerys Talc America, has filed for Chapter 11 bankruptcy in an effort to protect itself against more than 14,600 lawsuits in the U.S. that claim its talc causes cancer. Imerys Talc Vermont and Imerys Talc Canada Inc., also filed for bankruptcy. All three are subsidiaries of Paris-based Imerys SA. The filing will enable the companies to establish a trust to fund current and future claims. All lawsuits against the company involving cancer claims will also be centralized under one judge. “After carefully evaluating all possible options, we determined pursuing Chapter 11 protection is the best ... Read More
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