What is the key condition attached to Minerals Technologies' $450 million talc settlement proposal?

The $450 million settlement proposed by Minerals Technologies Inc., parent company of Barretts Minerals, is contingent on a higher court ruling regarding the safety of its talc and whether it contained asbestos.

Why is the Barretts Minerals bankruptcy proceeding significant for claimants?

Barretts Minerals has been in bankruptcy since 2023, faces hundreds of talc-related asbestos injury claims, and has sold its talc business; its chapter 11 reorganization plan includes the proposed $450 million settlement, making the outcome of the bankruptcy process critical for resolving those claims.

ChemBrief

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Barretts Minerals Parent $450 Million Talc Settlement Hinges on Product Safety Ruling

Jul 7, 2026

Minerals Technologies Inc proposed a $450 million settlement to resolve talc-related asbestos injury claims from its subsidiary Barretts Minerals. The deal hinges on a court ruling concerning the safety of the talc products amidst ongoing bankruptcy.

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