Imerys Asbestos Claimants Seek TRO To Halt Reported Johnson & Johnson Restructuring

Mealey's (July 30, 2021, 1:03 PM EDT) -- WILMINGTON, Del. — Asbestos claimants in the Chapter 11 case of talc supplier Imerys Talc America Inc. filed for a temporary restraining order (TRO) July 28 in the debtor’s recently filed adversary action in Delaware federal bankruptcy court against consumer products giant Johnson & Johnson (J&J) seeking to prevent J&J from avoiding its indemnity obligations to the debtor through a corporate restructuring designed to rid itself of its liability for asbestos claims....