DELWARE — Yesterday, Imerys Talc America, Inc., Imerys Talc Vermont, Inc., and Imerys Talc Canada Inc. filed a petition to seek bankruptcy protection under U.S. Chapter 11. In support of their petition, the Imerys entities referenced “significant potential liabilities as a result of thousands of claims by plaintiffs alleging personal injuries caused by exposure to talc mined, processed, and/or distributed by one or more of the Debtors” as a factor leading to the filing. According to the petition, the entities face 13,800 pending ovarian cancer claims and 850 pending mesothelioma claims. By the company’s calculations, in the mesothelioma claims, approximately 63 percent of the plaintiffs allege exposure to asbestos through the use of cosmetics, 24 percent allege exposure in industrial occupational settings, and 13 percent allege both cosmetic and industrial exposure.
Imerys Talc America, Inc., Imerys Talc Vermont, Inc., and Imerys Talc Canada Inc. Seek Bankruptcy Protection
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