40 states sought to participate in ongoing mediation with cancer plaintiffs States said their consumer protection claims could be worth trillions of dollars A new mediator will be appointed by May 24 (Reuters) – U.S. states that claim that Johnson & Johnson violated consumer protection laws should mediate their dispute with a unit of the […]
The company funded experiments on mostly Black men comparing the effects of talc and asbestos on their skin. By Jef Feeley March 7, 2022, 7:00 AM PSTUpdated onMarch 7, 2022, 10:30 AM PST More than 50 years ago, nearly a dozen men incarcerated outside of Philadelphia enrolled in an experiment funded by Johnson & […]
Feb 25 (Reuters) – A U.S. judge ruled on Friday that a Johnson & Johnson (JNJ.N) subsidiary can remain in bankruptcy, preventing plaintiffs from pursuing 38,000 lawsuits against the company alleging its baby powder and other talc products cause cancer. J&J’s stock rose more than 5%, its biggest one-day gain since the start of the pandemic in […]
(Bloomberg) — The controversial Johnson & Johnson bankruptcy strategy that’s drawn the ire of Congress faces a fresh trial this week, with the consumer products giant arguing that settling billions of dollars of talc liabilities in a single case is better for cancer victims than fighting thousands of individual claims. J&J begins a week-long court […]
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, delivered remarks at the Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights hearing on “Abusing Chapter 11: Corporate Efforts to Side-Step Accountability Through Bankruptcy.” During his remarks, Durbin called out Johnson & Johnson for using a corporate bankruptcy […]
(Reuters) – A group of bankruptcy law professors are looking to weigh in on Johnson & Johnson’s use of the bankruptcy system to settle lawsuits alleging that its talc products cause cancer, calling the strategy a “serious abuse.” The group filed court papers on Tuesday seeking approval to submit a “friend of the court” brief in support […]
Law360 (November 22, 2021, 6:59 PM EST) — Cancer patients seeking to hold Johnson & Johnson liable for asbestos-tainted talcum powder plan to fight a “bad faith” Chapter 11 case they say was launched solely to stave off about 38,000 lawsuits, a New Jersey bankruptcy court heard Monday. During a conference in the Chapter 11 case […]
Law360 (October 14, 2021, 6:29 PM EDT) — Johnson & Johnson said Thursday that it has sought Chapter 11 protection in North Carolina bankruptcy court for LTL Management, the subsidiary it has newly spun off to hold its cosmetic talc liability. J&J said Thursday that it was seeking Chapter 11 protection for the newly spun off subsidiary […]
July 28 (Reuters) – A U.S. congressional panel has asked Johnson & Johnson (JNJ.N) to provide it all documents related to the company’s plans to put its talc liabilities into bankruptcy, according to a letter sent on Wednesday and seen by Reuters. Democrat Raja Krishnamoorthi, chairman of the U.S. House of Representatives Committee on Oversight and Reform’s […]
By Hannah Albarazi A California appellate panel appeared skeptical Tuesday of Johnson & Johnson‘s summary judgment win in an asbestos-talc case, questioning the trial judge’s decision to preclude plaintiffs’ experts’ reliance on third-party testing finding asbestos in consumer talc and pressing J&J to explain its “magical” process for filtering out asbestos particles. All three judges on the […]