Imerys Talc America, talc claimants and insurers mediation continued

By Sarah Lizee

Olympia, Wash., May 24 – Imerys Talc America, Inc.’s mediation with talc claimants and insurers has been extended through June 30, according to a stipulation and order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company said that a negotiated settlement between the mediation parties will help avoid a “value-destructive, highly contested” plan confirmation process.

Imerys said that, ultimately, it is trying to achieve fair and equitable distribution of the talc personal injury trust assets.

“Mandatory mediation will help to achieve this goal,” the company said.

Imerys SA is a Paris-based producer of industrial materials. Its subsidiaries filed bankruptcy on Feb. 13, 2019 under Chapter 11 case number 19-10289.

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