The Chapter 11 process will reportedly allow the filing companies the time and protection to negotiate a global agreement with creditors, primarily representatives of current and future claimants in cosmetic talc-related litigation, while defining a path forward for the impacted talc businesses.
February 20, 2019
Imerys Talc America Inc., along with Imerys Talc Vermont Inc. and Imerys Talc Canada Inc., recently announced that they have made a determination to initiate voluntary Chapter 11 cases in Delaware.