March 22 2023 (Reuters) – Johnson & Johnson said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper. J&J […]
The company faces some 40,000 plaintiffs that claim its baby powder caused cancer. A federal appeals court on Monday rejected a bankruptcy filing by a Johnson & Johnson subsidiary, dealing a setback to the company’s attempt to limit its exposure to a flood of lawsuits over its talcum-powder products. More than 40,000 plaintiffs have sued Johnson & […]
Johnson & Johnson on Thursday said it will switch to selling cornstarch-based baby powder, halting global sales of its talcum-based powders that have been the focus of tens of thousands of injury claims alleging the talc causes ovarian cancer and mesothelioma. J&J in 2020 halted sales of talc-based products in the U.S. and Canada, citing a decline in […]
J&J subsidiary prefers to estimate value of talc claims in bankruptcy court Bankruptcy judge said he’s talked with other courts about re-opening cases Judge also approved hiring appellate attorney at “groundbreaking” $2,465 hourly rate (Reuters- By Dietrich Knauth) – A U.S. bankruptcy judge said Tuesday that he may allow some lawsuits that accuse Johnson & Johnson […]
(Reuters) – The United States is objecting to a Johnson & Johnson subsidiary’s bid to add Hogan Lovells partner Neal Katyal to its legal team in a high-stakes bankruptcy case, citing his hourly rate of $2,465 — a possible new legal industry high. Johnson & Johnson is using the proceedings to try to resolve claims […]
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 […]