Liabilities

Johnson & Johnson Faces Major Setback as Talc Bankruptcy Ruling Fires Back on Tort Liabilities

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WASHINGTON — Johnson & Johnson faces significant legal hurdles as a federal bankruptcy judge recently dismissed the company’s bid to shield itself from thousands of claims related to its talc products. This decision highlights the growing tension between corporate bankruptcy protections and consumer rights, particularly in cases involving injury claims linked to products. The ruling directly impacts J&J’s strategy to manage more than 38,000 lawsuits alleging that its talc-containing products, such as baby powder, cause cancer. The judge concluded that the company’s attempts to use bankruptcy court to resolve these claims lacked sufficient grounds, marking … Read more

Bayer Seeks Appeal in High-Stakes Roundup Case Amid New State Legislation Limiting Legal Liabilities

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Atlanta, GA – In a significant legal development, Bayer announced its intention to challenge a Georgia court’s verdict that the company hopes to overturn, arguing that the damages awarded were excessive and unconstitutional. The controversial case highlights ongoing disputes about the risks associated with widely used herbicides. The trial, which concluded with substantial damages awarded against Bayer, centered on the company’s popular weedkiller, Roundup. Bayer’s appeal will focus on multiple purported trial court errors, including the exclusion of evidence that the plaintiff had purchased other herbicides and the barring of testimony about other pesticides stored … Read more

Revolutionizing Resolution: How Divisive Mergers and Bankruptcy Code Enhance Corporate Strategy for Mass Tort Liabilities

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Miami, FL — A recent study highlighted in the University of Miami Business Law Review delves into the increasingly common strategy for handling mass tort liabilities within corporations through the lens of corporate restructuring. Specifically, it examines the use of divisive mergers under the United States Bankruptcy Code to maneuver around the financial pitfalls that can debilitate large businesses. In the business landscape, restructuring strategies are pivotal, especially when confronted with substantial liabilities. A divisive merger, although less known, serves as a strategic tool by splitting an existing business entity into two new independent entities. … Read more