Talc Debtors Imerys, Cyprus’ Settlement With Insurer Nets $6.25M For Asbestos Trust

(May 20, 2024, 12:13 PM EDT) -- WILMINGTON, Del. — A liability insurer for the parent of Chapter 11 asbestos talc debtor Cyprus Mines Corp. will pay $6.25 million to a planned trust to pay asbestos claims after the debtor and affiliates reorganize, according to a settlement agreement that was approved by a Delaware federal bankruptcy judge....