Imerys SA is urgent forward in an effort to get out from below lawsuits over its U.S. mining operation, Imerys Talc America Inc., over the protests of health-care firm Johnson & Johnson .
The Imerys talc-mining enterprise, which equipped talc for Johnson’s Child Powder, had been hit with lawsuits claiming the product induced most cancers. It was positioned into chapter 11 protection in 2019 and sold in 2020 for $223 million, with the proceeds earmarked for a belief to pay most cancers claims. It’s now making an attempt to win court docket permission to hunt creditor approval of its chapter compensation plan.
Johnson & Johnson, which has denied legal responsibility and is preventing the lawsuits, says Imerys Talc’s chapter is an improper effort to immunize the mining firm’s French father or mother, and make it simpler for most cancers victims to sue Johnson & Johnson.
“J&J believes within the security of its merchandise,” mentioned Ronit Berkovich, a lawyer for Johnson & Johnson.
Imerys SA didn’t reply to a request for remark. In an announcement Wednesday, a spokeswoman for Imerys Talc mentioned the corporate believes the proposed chapter 11 plan “outlines a transparent and complete path ahead in the direction of resolving our historic talc-related liabilities.” The plan is supported by the official committee representing individuals with damage claims.