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Bankruptcy, talc
J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby powder and other talc products caused cancer.
Johnson & Johnson Files Third Bankruptcy Case Seeking to End Talc Lawsuits
The healthcare-products company is taking another shot at resolving mass cancer lawsuits in chapter 11 after two failed attempts.
Johnson & Johnson unit seeks third Chapter 11 bankruptcy filing to settle talc claims
A Johnson & Johnson (NYSE:JNJ) subsidiary, Red River Talc, that has been formed to handle claims related to the healthcare giant's talc-based products, filed a voluntary prepackaged Chapter 11 bankruptcy case Friday to resolve current and future claims linked to ovarian cancer.
J&J unit files for bankruptcy to advance $10 billion talc settlement
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company's baby powder and other talc products caused cancer.
BREAKING: Johnson & Johnson Files Third Talc Bankruptcy in Texas
Beasley Allen opposed the Chapter 11 case, which includes up to $10 billion in nominal compensation to talc claimants. 'This proposed compensation is a gross undervaluation,' principal Andy Birchfield said in a statement to Law.
Johnson & Johnson To Add $1.1 Billion To Proposed Talc Settlement
Johnson & Johnson revealed plans to pay an additional $1.1 billion to its talc settlement proposal to resolve thousands of suits, alleging that its baby and other talcum powder caused cancer.
Johnson & Johnson Wins Over Longtime Holdout for Talc Settlement
Tort lawyer Allen Smith now backs J&J’s settlement plan after the company raised its offer to roughly $9 billion, sources say.
3d
Judge: Only One Plaintiff for Upcoming Bellwether Trial Over J&J Talc
U.S. District Judge Michael Shipp, in New Jersey, struck down a proposal from plaintiffs’ lawyers in lawsuits over Johnson & ...
Business Wire
23h
Johnson & Johnson Announces that its Subsidiary, Red River Talc LLC, has Filed a Voluntary Prepackaged Chapter 11 Case to Resolve All Current and Future Ovarian …
Johnson & Johnson (NYSE: JNJ) (the “Company”) announced that its subsidiary, Red River Talc LLC (“Red River”), filed a ...
Cosmetics Business
4d
J&J’s $260 million talc lawsuit verdict overturned
Oregon resident Kyung Lee won the litigation against J&J in June 2024, but the verdict has now been overturned with a new ...
10d
J&J's proposed talc settlement sparks lawsuit between plaintiffs' firms
Johnson & Johnson's latest effort to end tens of thousands of talc lawsuits has sparked a new legal battle between plaintiffs ...
16h
J&J's Subsidiary Red River Talc Files For Chapter 11 Bankruptcy To Resolve Ovarian Cancer Claims
Johnson & Johnson (JNJ) announced that its subsidiary, Red River Talc LLC, has voluntarily filed for a prepackaged Chapter 11 ...
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