France-based Imerys Talc America, the now-bankrupt supplier of talc for Johnson & Johnson’s iconic Johnson’s Baby Powder, is selling its North American Talc subsidiaries to Toronto, Ontario-based Magris Resources — a direct result of being implicated along with Johnson & Johnson in tens of thousands of talc lawsuits alleging Johnson & Johnson’s talcum powder products were contaminated with asbestos, a known carcinogen, and other impurities, and caused people to develop ovarian cancer and mesothelioma, a rare form of cancer caused by asbestos exposure.
Bogged down by the talc litigation, Imerys filed for Chapter 11 bankruptcy in early 2019 and proposed to establish a fund to cover current and future talc lawsuits.
Giorgio La Motta, president of the three North American subsidiaries, said at the time that filing for bankruptcy “is an important, meaningful, strategic step for our business. After carefully evaluating all possible options, we determined that pursuing Chapter 11 protection is the best course of action to address our historic talc-related liabilities and position the filing companies for continued growth.”
The company had projected pulling out of bankruptcy in the first half of 2020, but the pandemic slammed the brakes on those plans. This week, Imerys got the green light to sell its three North American subsidiaries.
“We believe the outcome of this sale process maximizes value of the assets to the benefit of all parties,” La Motta said in a news release.
Talc-ovarian cancer lawyers
Beasley Allen lawyers continue to investigate new cases involving women diagnosed with ovarian cancer after using talcum powder for feminine hygiene. For additional information on these talc lawsuits, contact Ted Meadows, Leigh O’Dell or Brittany Scott.
Beasley Allen lawyers handle mesothelioma claims. They are looking at cases of industrial, occupational and secondary asbestos exposure resulting in lung cancer or mesothelioma as well as claims of asbestos-related talc products linked to mesothelioma. Charlie Stern in our Toxic Torts Section is the lead attorney working on these types of cases. As an experienced mesothelioma lawyer, Charlie is well equipped to tackle asbestos cases, which are highly complicated and require someone with a true understanding of the facts, medical issues, science and law. He is working together with Will Sutton, an experienced lawyer in our Toxic Torts Section. Contact us for more information.