J&J Opposes Former Talc Supplierâs Bankruptcy Plan to Resolve Cancer Claims
Johnson & Johnson says Imerys Talc America let people with talc claims dictate their damages
Johnson & Johnson objects to the bankruptcy plan of Imerys Talc America, a former supplier of talc for Johnsonâs Baby Powder. Photo: lucas jackson/Reuters By Jan. 12, 2021 8:05 pm ET Imerys SA is pressing ahead in an effort to get out from under lawsuits over its U.S. mining operation, Imerys Talc America Inc., over the protests of health-care company Johnson & Johnson .
The Imerys talc-mining business, which supplied talc for Johnsonâs Baby Powder, had been hit with lawsuits claiming the product caused cancer. It was placed into chapter 11 protection in 2019 and sold in 2020 for $223 million, with the proceeds earmarked for a trust to pay cancer claims. It is now trying to win court permission to seek creditor approval of its bankruptcy repayment