Imerys Updates Bankruptcy Plan With Asbestos Claims Pay Details

Jan. 21, 2021, 10:01 PM

Imerys Talc America Inc. updated its bankruptcy plan and disclosure materials to satisfy a judge’s requirement that the mineral company explain how asbestos exposure claims and recoveries are affected by a recent settlement.

Imerys on Wednesday filed its eighth iteration of a Chapter 11 plan intended to resolve thousands of asbestos exposure claims by creating a personal injury trust for current and future claimants.

The updated proposal comes a week after Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for the District of Delaware demanded more information on the company’s proposed $130 million settlement with Cyprus Mines Corp., a...

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