Presperse, a Sumitomo-backed cosmetics ingredients supplier, has filed for bankruptcy with a $50 million plan to address claims related to the talc it once sold to manufacturers. The company faces numerous personal injury lawsuits over the talc contained in its products. Meanwhile, Johnson & Johnson's proposed $9.1 billion talc settlement has sparked a new legal battle between plaintiffs' law firms. Beasley, Allen, Crow, Methvin, Portis & Miles, leading the opposition to J&J's settlement strategy, filed a lawsuit accusing The Smith Law Firm of breaking a joint venture agreement to represent 11,000 people who alleged that J&J's products caused cancer.