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Johnson & Johnson supplier seeks bankruptcy over talc lawsuits


By Tina Bellon and Tom Hals(Reuters) - A key supplier of talc used in Johnson & Johnson's baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma.Imerys Talc America, the U.S. unit of French group Imerys SA, said it filed for bankruptcy because it lacks the financial clout to defend against nearly 15,000 lawsuits over its talc mineral product, which is also used in cosmetics.Imerys said that while it continued to believe the lawsuits are without merit, the prospect of ...

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First Published: Thu, February 14 2019. 05:10 IST