Vanderbilt Minerals Pursues $50M Asset Sale to Resolve 1,400 Talc Claims
Vanderbilt Minerals, a profitable industrial minerals operator, filed chapter 11 in N.D.N.Y. after talc-litigation costs exceeded $117M. Case features a $50M stalking-horse sale, $15M DIP facility, and global settlement with parent R.T. Vanderbilt Holding.
FreefallIndustrials & manufacturing