Johnsons

Federal Court Denies Johnson & Johnson’s Attempt to Use Bankruptcy for Talc Lawsuit Settlements

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Philadelphia, PA — Johnson & Johnson’s strategy to address a massive volume of talc cancer lawsuits through a subsidiary’s bankruptcy hit a roadblock when a federal appeals court upheld the dismissal of the bankruptcy filing. This ruling was a significant setback for J&J, which had created LTL Management LLC, a subsidiary, specifically to manage and potentially limit financial liabilities from tens of thousands of claims linking their baby powder and other talc-based products to cancer. J&J had previously argued that the financial burden from the lawsuits could lead to insolvency, claiming liabilities could surpass $21 … Read more

Court Rejects Johnson & Johnson’s Controversial Bankruptcy Strategy in Texas Again

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New York — In a substantial blow to Johnson & Johnson’s strategic legal defenses, an appeals court has once more turned down the healthcare giant’s controversial ‘Texas two-step’ bankruptcy ploy. This financial maneuver, which has sparked public and legal controversy, was designed to compartmentalize potentially billions of dollars in liabilities linked to claims that its talcum powder products caused cancer. The U.S. Third Circuit Court of Appeals ruled that the subsidiary created for the sole purpose of filing for bankruptcy did not demonstrate the appropriate financial distress required to qualify for such protection. This decision … Read more

Controversy Surrounds Johnson’s Pond Emergency Action as Town Lawyer Questions Timing

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Coventry, Rhode Island – The owners of Johnson’s Pond are claiming that emergency action is necessary to address concerns about the pond’s dam. However, the town’s lawyer is questioning the timing of this claim. The Rhode Island Department of Environmental Management is currently involved in a legal dispute with the owners over lease terms. The owners, Soscia Holdings, have expressed their concerns about the dam, citing reports from their consultant, Soscia Architects and Engineers, Inc. They argue that the spillway is in poor condition and poses a risk of failure. On the other hand, the … Read more

Owners of Johnson’s Pond Lawsuit Dismissed Over Rhode Island Dam Law

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COVENTRY, R.I. — The lawsuit filed by Soscia Holdings, the owners of Johnson’s Pond, against the state has been dismissed, according to recent reports. The lawsuit was initiated two years ago after the Rhode Island Department of Environmental Management (DEM) began enforcing a law that required dam owners to obtain a permit before adjusting a pond’s water levels. Johnson’s Pond was among the six bodies of water affected by this law. The law, which was signed by Governor Dan McKee last summer, was introduced in response to concerns raised by residents about the pond’s low … Read more