J&J

J&J in Talks With Holdouts to $6.5 Billion Talc Settlement

Aug 26, 2024

Johnson & Johnson (J&J) announced on Friday that it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging that its baby powder and other talc products caused cancer. The company aims to eliminate holdouts and finalize a $6.48 billion global settlement through the bankruptcy of a subsidiary company, following…
With J&J Pushing A 3rd Talc Bankruptcy, Court Affirms Earlier Loss

Jul 29, 2024

A U.S. appeals court upheld the decision to end J&J’s second attempt to resolve tens of thousands of cancer lawsuits through a shell company’s bankruptcy. J&J, meanwhile, is pressing forward with its third bankruptcy strategy. On Thursday, the 3rd U.S. Circuit Court of Appeals ruled that the company’s second effort, like its first, failed because…

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