A cancer patient on Friday asked a U.S. bankruptcy court to dismiss the long-running bankruptcy of a Georgia-Pacific subsidiary, arguing that it serves no purpose other than to prevent asbestos-related lawsuits from proceeding in other courts. The bankruptcy case began in 2017, when Georgia-Pacific, a unit of industrial conglomerate Koch … [Read more...]
Imerys signs agreement to end talc litigation in the United States
Imerys announced on May 15 that it had reached agreement on a plan to end the [ talcum powder – asbestos litigation ] that resulted in the Chapter 11 (receivership) placement of its North American subsidiaries Imerys Talc America, Imerys Talc Vermont and Imerys Talc Canada. The group had announced at the end of 2018 that these three subsidiaries, … [Read more...]
J&J Asks Federal Court to Assume Baby Powder Lawsuits from State Courts
Johnson & Johnson wants a federal judge to take over more than 2,000 baby-powder lawsuits it faces instead of allowing the cases to be heard by state-court juries, where the company has a mixed record. The world’s largest maker of health-care products seeks to invoke legal protections available to J&J’s bankrupt talc supplier Imerys Talc … [Read more...]
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder [ Imerys Talc America ] filed for Chapter 11 bankruptcy on [ February 13, 2019 ] in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma. Imerys Talc America, the U.S. unit of French group Imerys SA, said it filed … [Read more...]
Pittsburgh Corning trust reaches settlement with asbestos claimants
A trust set up to handle asbestos litigation against Pittsburgh Corning Corp. has reached a $178 million settlement with a group of 2,000 claimants who have been seeking relief since the 1990s . In a deal disclosed in U.S. Bankruptcy Court in Pittsburgh, the $4 billion trust agreed to pay initially $38 million to the group, called the Cimino … [Read more...]
Georgia-Pacific unit seeks bankruptcy in wake of asbestos cases
An affiliate of Georgia-Pacific LLC, which makes Brawny paper towels, has filed for U.S. Chapter 11 bankruptcy amid soaring costs of defending against claims its products caused asbestos-related diseases, according to a company statement on Thursday. The affiliate, Bestwall LLC, joins scores of U.S. manufacturers that have filed for bankruptcy due … [Read more...]