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. Johnson & Johnson headquarters in New Brunswick, New Jersey.Photographer: Mark Kauzlarich/Bloomberg 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 […]
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 […]
J&J secretly launched ‘Project Plato’ last year to shift liability from about 38,000 pending Baby Powder talc lawsuits to a newly created subsidiary The subsidiary company, LTL, was then put into bankruptcy in October in order for J&J to limit its financial exposure to the lawsuits Company said it placed LTL into bankruptcy to settle those claims rather […]
(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 […]