Makeup Brand Ben Nye Files for Bankruptcy to Avoid Talc Lawsuits

Professional makeup brand Ben Nye, popular with film, stage and modeling makeup artists, has filed Chapter 11 bankruptcy protection in the midst of lawsuits. The suits claim its products contain asbestos-contaminated talc. The move could allow the company to reorganize while putting its many talc lawsuits on hold.  The company says it stopped using talc in its face powders in January 2024, but talc is still being used in other products. Ben Nye’s talc suppliers claim they conducted an analysis and no asbestos was ever found in the talc they provided to the company. According to a March 11, 2024 bankruptcy filing, Ben Nye has estimated assets of about $1 million to $10 million and liabilities estimated at $100,000 to $500,000. The company says it has enough cash to stay in business and has no plans to change the quality of its product. Ben Nye claims the bankruptcy won’t affect wages and benefits for its 35 employees in Los Angeles. In a letter emailed to the digital publication Beauty Independent, Ben Nye president Dana Nye wrote: “The company has incurred monumental legal fees to defend itself. As a family-owned company we reached the point where we could not continue to pay such fees…” Nye continued, “Despite the painful bankruptcy process, we believe this is the best decision to protect our business. This will allow us to move forward to focus on our business rather than to constantly fight claims thrown at us.” Asbestos in Makeup This ...
Source: Asbestos and Mesothelioma News - Category: Environmental Health Authors: Tags: Asbestos (general) Asbestos Exposure Companies Lawsuit Legal Mesothelioma Product talc Talcum Powder Source Type: news