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Vanderbilt Minerals files for chapter 11 with $50 million stalking horse bid for substantially all assets

February 2026

Client(s) Vanderbilt Minerals, LLC

Jones Day is representing Vanderbilt Minerals, LLC in its chapter 11 case before the U.S. Bankruptcy Court for the Northern District of New York. The Debtor faces rising legal costs from talc-related litigation. The chapter 11 case involves a section 363 sale process with a stalking horse bid of $50 million from Commodore Materials, LLC and up to $15 million in debtor-in-possession financing.

Vanderbilt Minerals, LLC, No. 26-bk-60110 (Bankr.N.D.N.Y. Feb. 16, 2026) (WAK)

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