junho 12 2026
Mayer Brown advises Miyoshi America on first-of-its-kind prepackaged talc Chapter 11 case
A multi-office, multi-practice team of Mayer Brown lawyers advised Miyoshi America, Inc., a manufacturer of cosmetics ingredients, in securing confirmation of its prepackaged Chapter 11 plan to resolve talc-related tort claims.
Prior to commencing its Chapter 11 process, Miyoshi America was facing hundreds of tort claims asserting asbestos-related injuries allegedly arising from talc-containing products that Miyoshi America processed and sold. Mayer Brown worked with Miyoshi America to develop a strategy of engaging with talc plaintiff representatives to negotiate a global settlement to be implemented through a prepackaged plan of reorganization.
After reaching an agreement in principle with talc plaintiff representatives, including Hon Shelley C. Chapman (Ret.) as legal representative on behalf of unknown future claimants and securing financing commitments from Miyoshi America’s parent company, Miyoshi Kasei, Inc., and Miyoshi America solicited votes from individual talc claimants prior to the company’s Chapter 11 filing. Claimants were given the opportunity to vote on approval of the plan, which provided for the creation of a trust, funded with $20 million from Miyoshi America, that will assume responsibility for resolving all current and future talc claims against Miyoshi America while also protecting the company’s affiliates and other individuals and entities.
When Miyoshi America filed for Chapter 11 in April 2026, it had already secured all stakeholder support necessary for approval of the Chapter 11 plan, resulting in a streamlined and cost-effective in-court process. The U.S. Bankruptcy Court and District Court for the Southern District of Texas and approved the plan, with Bankruptcy Judge Christopher M. Lopez noting the “incredible amount of people” who voted in favor of the proposal and that “due process was carefully considered.”
The fully consensual plan allows Miyoshi America to emerge as a going concern while resolving all talc liabilities through a trust structure pursuant to Section 524(g) of the U.S. Bankruptcy Code, offering a blueprint for an efficient, negotiated approach to resolving mass tort liabilities in Chapter 11.
The Mayer Brown team advising Miyoshi America was led by partners Louis Chiappetta, Charles Kelley, Jamie Netznik, and Joshua Gross.
Prior to commencing its Chapter 11 process, Miyoshi America was facing hundreds of tort claims asserting asbestos-related injuries allegedly arising from talc-containing products that Miyoshi America processed and sold. Mayer Brown worked with Miyoshi America to develop a strategy of engaging with talc plaintiff representatives to negotiate a global settlement to be implemented through a prepackaged plan of reorganization.
After reaching an agreement in principle with talc plaintiff representatives, including Hon Shelley C. Chapman (Ret.) as legal representative on behalf of unknown future claimants and securing financing commitments from Miyoshi America’s parent company, Miyoshi Kasei, Inc., and Miyoshi America solicited votes from individual talc claimants prior to the company’s Chapter 11 filing. Claimants were given the opportunity to vote on approval of the plan, which provided for the creation of a trust, funded with $20 million from Miyoshi America, that will assume responsibility for resolving all current and future talc claims against Miyoshi America while also protecting the company’s affiliates and other individuals and entities.
When Miyoshi America filed for Chapter 11 in April 2026, it had already secured all stakeholder support necessary for approval of the Chapter 11 plan, resulting in a streamlined and cost-effective in-court process. The U.S. Bankruptcy Court and District Court for the Southern District of Texas and approved the plan, with Bankruptcy Judge Christopher M. Lopez noting the “incredible amount of people” who voted in favor of the proposal and that “due process was carefully considered.”
The fully consensual plan allows Miyoshi America to emerge as a going concern while resolving all talc liabilities through a trust structure pursuant to Section 524(g) of the U.S. Bankruptcy Code, offering a blueprint for an efficient, negotiated approach to resolving mass tort liabilities in Chapter 11.
The Mayer Brown team advising Miyoshi America was led by partners Louis Chiappetta, Charles Kelley, Jamie Netznik, and Joshua Gross.
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