Cyprus Mines Corporation

  1. April 28, 2025

    Imerys Halts Ch. 11 Trial Over Foreign Claimant Issues

    Bankrupt talc suppliers Imerys Talc America and Cyprus Mines Corp. and parties supporting their Chapter 11 plan to deal with asbestos injury claims unexpectedly announced Monday they wanted to halt the plan confirmation proceedings, following more than four days of evidence, citing issues surrounding the treatment of foreign claims against the debtors.

  2. March 31, 2025

    US Trustee Says Imerys Ch. 11 Releases Non-Consensual

    The U.S. Trustee's Office is asking a Delaware bankruptcy judge to reject Imerys Talc America's Chapter 11 plan, saying the talc supplier wants to grant excessively broad claims releases to third parties without the consent of plan supporters.

  3. January 07, 2025

    J&J, Talc Suppliers, Insurers Spar Over $505M Sale Stay

    The former talc suppliers of Johnson & Johnson said Tuesday that staying part of a settlement and a connected bankruptcy sale could bog down their efforts to secure plan confirmations and exit Chapter 11, urging a Delaware bankruptcy judge to reject a motion to set aside $50 million from the $505 million deal while it is being appealed. 

  4. December 13, 2024

    Under The Radar: Bankruptcy News You May Have Missed

    An artificial intelligence startup said its former CEO can't put a freeze on her indemnification claims in its bankruptcy while she faces criminal and civil fraud charges. The bankrupt former owner of a talc mine owner said it needs another $9 million in Chapter 11 funding to close its case. And, the Office of the U.S. Trustee said use of opt-out forms to get creditor consent to third-party releases aren't allowed under state law. 

  5. November 04, 2024

    Judge Says She'll Likely Send Talc Ch. 11 Plan Out For Vote

    A Delaware bankruptcy judge said Monday she will likely give a pair of talc producers permission to send their Chapter 11 plans out for a creditor vote, saying she was satisfied with the changes made since last week.

  6. October 29, 2024

    Talc Miners Say They've Worked Out Kinks In Ch. 11 Plans

    A pair of talc producers on Tuesday presented a Delaware bankruptcy judge with a revised Chapter 11 plan and disclosure statement they say will hopefully answer the concerns and objections raised by the judge, talc injury claimants and insurance carriers.

  7. October 28, 2024

    Judge Hopes To Avoid Vote Issue Repeat In Talc Ch. 11 Plan

    A Delaware bankruptcy judge on Monday told a pair of talc producers that the proposed creditor voting procedures on their joint Chapter 11 plans will need some work to avoid a repeat of the voting problems that derailed a previous attempt to settle asbestos injury claims.

  8. October 18, 2024

    Under The Radar: Bankruptcy News You May Have Missed

    Johnson & Johnson, Imerys Talc, Cyprus Mines, Takeoff Technologies and SunPower Corp. all fielded objections to their Chapter 11 bankruptcies, from their creditors' committees or the Office of the U.S. Trustee or both, with the U.S. Trustee largely raising concerns about overbroad releases.

  9. October 15, 2024

    J&J Stays In Texas, True Value Files, Bally Sports Docs OK'd

    The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.

  10. October 08, 2024

    J&J Wins OK For $505M Deal With Bankrupt Talc Miners

    A Delaware bankruptcy judge approved a $505 million settlement between a pair of talc producers and Johnson & Johnson after overruling an objection by a group of insurers to the deal, which would resolve several ongoing disputes with J&J over talc injury claims.