Asbestos Bankruptcies
Imerys Talc America and its former owner, Cyprus Mines Corporation, will create a collective $862 million trust. The reason for the trust is to settle personal injury claims that allege the company’s asbestos contaminated talc caused people’s cancer. This is after both groups filed reorganization plans and disclosure statements on January 31, 2024 in the…
The Center for Asbestos Related Disease is working on new research articles that will be released throughout this year. They will be focusing on asbestos and autoimmune disease. The articles will show results from analyzing the health impact of exposure to amphibole asbestos from Libby, Montana. It can take less exposure to amphibole asbestos fibers…
Johnson & Johnson may try to file bankruptcy for a third time to address its talc liabilities. The company has failed twice before but is looking again to file for bankruptcy under a different corporate structure. There are around 51,000 lawsuits claiming that people who used Johnson & Johnson’s talc-based products now have cancer because…
Significant changes were made to ensure cosmetic safety. This was done through the Modernization of Cosmetics Regulation Act of 2022, which is one of the biggest changes in cosmetic safety by the Food and Drug Administration since the Federal Food, Drug, and Cosmetic Act was passed in 1938. Americans use anywhere from six to 12…
A new bill was approved by the U.S. House Judiciary Committee that could damage the asbestos claims process and prevent victims of asbestos-related diseases from ever seeing any sort of monetary compensation before they pass. The legislation is “H.R. 906” and is referred to as the “Furthering Asbestos Claims Transparency Act.” If this bill is…
