Minerals Technologies and its subsidiaries, Barretts Minerals (BMI) and Barretts Ventures Texas filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to address and comprehensively resolve BMI’s liabilities associated with talc.
The U.S. Bankruptcy Court for the Southern District of Texas granted final approval of Sorrento Therapeutics’ $75 million debtor-in-possession financing from JMB Capital Partners in connection with Sorrento’s Chapter 11 bankruptcy filing in February.
Kunal S. Kamlani joined the team of advisory, restructuring, turnaround and performance improvement veterans as senior managing director at M3 Partners, an independent corporate advisory firm.
Javier Schiffrin joined M3 Partners’ advisory, restructuring, turnaround and performance improvement team as a managing director. Prior to joining M3 Partners, Schiffrin was a senior vice president at hedge fund Paulson & Co.