Cyprus Mines Corporation

  1. August 15, 2024

    Talc Miners Defend $505M J&J Deal From Insurer Objections

    Two bankrupt former talc suppliers defended their proposed $505 million liability deal with Johnson & Johnson on Thursday before a Delaware bankruptcy judge who authorized discovery into the settlement by objecting insurers.

  2. August 02, 2024

    Insurers Ask To Block J&J's $505M Deal In Talc Miners Ch. 11s

    A Delaware bankruptcy judge should reject a settlement between Johnson & Johnson and its former talc suppliers, a group of insurance companies said, arguing a proposed $505 million acquisition of Imerys and Cyprus Mines' indemnity claims also gives away the insurers' claims against Johnson & Johnson.

  3. July 22, 2024

    Giuliani In Limbo, Guo Faces Ch. 11 Trustee Suit

    The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City mayor Rudy Giuliani's Chapter 11 case has still yet to be dissolved, and a new bankruptcy judge has ascended to the bench in New York.

  4. July 15, 2024

    J&J Agrees To Pay $505M In Talc Producers' Ch. 11

    Talc mining companies Imerys and Cyprus Mines asked the Delaware bankruptcy court to approve a Chapter 11 settlement in which Johnson & Johnson would pay $505 million in cash and insurance proceeds into a talc injury trust, even if it petitions for bankruptcy a third time.

  5. February 07, 2024

    Imerys, Cyprus Mines Get Extension For Ch. 11 Mediation

    A Delaware bankruptcy judge Wednesday gave bankrupt talc supplier Imerys Talc America and its former owner Cyprus Mines another three weeks in mediation to try to resolve what they said were outstanding insurance issues and prepare for a creditor vote on their Chapter 11 plans.

  6. February 01, 2024

    Imerys, Cyprus Mines Propose Ch. 11 Plans With $862M Trust

    Bankrupt talc supplier Imerys Talc America, Inc. and its former owner Cyprus Mines Corp. asked a Delaware bankruptcy court to sign off on disclosure statements for their separate Chapter 11 plans that would create an $862.5 million joint trust to settle claims that their talc caused cancer.

  7. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  8. June 23, 2022

    Cyprus Mines Wins Ch. 11 Stay Of Actions Against Parent

    Talc producer Cyprus Mines Corp. received approval Thursday from a Delaware bankruptcy judge to extend the automatic stay of litigation against its nondebtor parent company to stop the prosecution of claims for talc injury against the parent.

  9. June 14, 2022

    Small Biz Debt Limit Raised, Crypto Exec Can't Ditch Case

    Congress took action to permanently raise the debt limit for small business Chapter 11 cases, a former cryptocurrency investment firm executive can't ditch his own bankruptcy case, and a bankrupt hotel company asked to deny a $6 million fee request from its own attorneys. This is the week in bankruptcy.

  10. June 08, 2022

    Cyprus Sues In Del. Ch. 11 To Block 'Alter Ego' Talc Suits

    Bankrupt Cyprus Mines Corp. has launched a Chapter 11 adversary suit in Delaware to block "alter ego" talc personal injury claims against parent company Cyprus Amax Minerals Co. by known or future, unknown alleged victims.