Deal

Johnson & Johnson Partners with Legal Experts to Finalize $8 Billion Talc Settlement Deal

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NEW BRUNSWICK, N.J. — Johnson & Johnson has reached a landmark agreement to settle thousands of lawsuits related to its talc-based products, committing $8 billion to resolve claims alleging that these products caused cancer. The move marks a significant step in a protracted legal battle for the company, which has faced numerous lawsuits claiming its talc products were contaminated with asbestos. This settlement comes after extensive negotiations with mass-tort specialists who represent thousands of individuals affected by talc-related health issues. The agreement aims to resolve approximately 38,000 claims, with plaintiffs alleging that they developed serious … Read more

Johnson & Johnson Enters $8 Billion Talc Settlement Deal with Mass-Tort Experts

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Johnson & Johnson has forged a significant agreement with specialists in mass tort litigation, securing an $8 billion settlement related to its talc-based products. The deal, which aims to resolve myriad claims alleging that the company’s talc products are linked to cancer, addresses thousands of lawsuits filed by individuals who believe they suffered serious health problems due to exposure. The agreement is part of Johnson & Johnson’s broader strategy to manage ongoing litigation and to reassure stakeholders in the wake of mounting legal challenges. According to sources familiar with the negotiations, the settlement will fund … Read more

High-Profile Legal Exodus: Four Top Lawyers Depart Paul Weiss Amid Trump Deal Controversy

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Washington, D.C. – Four prominent attorneys, known for their ties to high-profile Democratic figures, are departing from the Paul Weiss law firm only months after it reached a significant agreement with former President Donald Trump. The exiting members include Karen Dunn, Jeannie Rhee, Jessica Phillips, and William Isaacson, who have collectively played pivotal roles in major litigation cases. In a note to their colleagues, the departing lawyers expressed their gratitude for their time at the firm. They acknowledged the valuable relationships fostered during their tenure, saying they hope to continue collaborating in the future. Dunn … Read more

Texas Law Firm Secures Bankruptcy Deal, Selling 6,000 Tort Cases to Satisfy Funders

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AUSTIN, Texas — A Texas law firm is poised to transfer approximately 6,000 tort cases as part of a bankruptcy arrangement aimed at repaying its financial backers. This significant move highlights the firm’s struggle to balance its obligations amid growing debts. The law firm, grappling with financial turmoil, has reached an agreement to offload these cases, which are estimated to involve substantial liability claims. This decision is seen as a necessary step to address the financial challenges that have accumulated over recent years. Under the current plan, the cases will be sold to fulfill the … Read more