Motilal Oswal
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Motilal Oswal

Johnson & Johnson supplier seeks bankruptcy over talc lawsuits

Updated : February 14, 2019 08:00 AM IST

Imerys Talc America, the US unit of French group Imerys SA, said it filed for bankruptcy because it lacks the financial clout to defend against nearly 15,000 lawsuits over its talcmineral product, which is also used in cosmetics.
Imerys said that while it continued to believe the lawsuits are without merit, the prospect of rising settlement and defense costs over the next few years prompted the decision to file for bankruptcy.
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
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