Talc

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

by

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 Unveils $8 Billion Talc Settlement in Partnership with Mass-Tort Experts

by

Johnson & Johnson has reached a significant agreement with specialized mass-tort law firms to resolve its long-standing talc-related litigation for $8 billion. This decision comes after years of legal battles over allegations that the company’s talc products contained asbestos, a substance linked to cancer. In this settlement, J&J will end its defense against hundreds of thousands of claims from individuals who allege that the company’s talc products caused serious health issues, including mesothelioma. The agreement is intended to pay off all existing and future claims related to the talc products, effectively clearing a significant legal … Read more

Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Court Ruling Shakes Tort Landscape

by

Johnson & Johnson faced a significant legal setback as a recent ruling from a federal bankruptcy judge dismissed the company’s efforts to shield itself from thousands of lawsuits over its talcum powder products. The U.S. Bankruptcy Court decision, delivered in Charlotte, North Carolina, signals a challenging path ahead for the multinational corporation, which has fought numerous claims linking its talc products to cancer. The ruling comes after Johnson & Johnson sought bankruptcy protection for a subsidiary intended to consolidate and resolve liability claims stemming from allegations that its talc products contained asbestos. Many plaintiffs have … Read more

Johnson & Johnson’s Talc Turmoil: Bankruptcy Court Ruling Signals Setback in Tort Battles

by

CHARLOTTE, N.C. — Johnson & Johnson faced a significant setback in a bankruptcy court this week, as a judge dismissed the company’s attempt to mitigate its financial liabilities related to talc product litigation. The ruling underscores a growing backlash against companies utilizing bankruptcy protections to manage mass tort claims. In a decisive ruling, U.S. Bankruptcy Judge Michael Kaplan determined that Johnson & Johnson’s strategy to transfer its talc liabilities to a newly formed entity was unconvincing and not a legitimate use of the bankruptcy system. The company had argued that this restructuring would help it … Read more