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The previous bankruptcy filings put the talc litigation on hold from 2021 to 2023, but trials have resumed after a federal judge ruled the latest bankruptcy case should be dismissed in July 2023.
The talc lawsuits had been on hold from 2021 to 2023, while J&J pursued failed efforts to resolve the litigation through the bankruptcy of a subsidiary company, LTL Management.
That would cap its liability for all existing and future talc claims at the $8 billion it agreed to place in a settlement trust. J&J agreed to fund the proposed settlement trust over 25 years.
J&J said in October that it was considering a new bankruptcy filing to resolve talc claims. Johnson & Johnson's worldwide vice president for litigation said on Tuesday that the company has ...
JPMorgan Chase analysts in a separate note after J&J earnings last week said the talc settlement progress was "one of the most important drivers" of the company's stock in 2023.
NEW YORK (Reuters) -A Johnson & Johnson subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its talc products caused cancer in a federal bankruptcy court in ...
Johnson & Johnson proposes $8.9bn settlement fund for talcum powder cancer lawsuits. ... J&J spun off LTL in October of 2021, a tactic seen as an attempt to absorb liability and litigation from ...
J&J’s proposed settlement represents just 7.8% of its $85.2 billion in annual sales for 2023. Johnson & Johnson’s latest gambit to solve its massive talcum powder asbestos issue: A $6.5 ...