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Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
The "Texas two-step" strategy takes advantage of state laws that allow for the transfer of liabilities through a so-called divisive merger, which is a way to separate a company's operations into ...
J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and ...
A new legal setback for Johnson & Johnson could make it more difficult for 3M and other big companies to use a controversial bankruptcy tactic to shed costly product-liability lawsuits.A US ...
Nachawati was critical of a $2 billion settlement proposed by Monsanto in 2021, which was later rejected by the judge presiding over the cases. [6] The firm represents about 5,000 individuals seeking damages for injuries from power outages caused by Winter Storm Uri in February 2021, including more than 100 wrongful death claims.
The District Court utilized the two-part test for patent infringement established in KSM Fastening Systems, Inc. V. H.A. Jones Company, Inc. [11] The crux of this test involved determining whether there is "more than a colorable difference" between the original infringing product and the redesign. EchoStar claimed significant changes to their ...
Aug. 24—SCRANTON — A judge on Thursday approved settlements totaling $10.4 million in two class-action lawsuits involving Scranton's garbage fees. The cases are a 2016 lawsuit filed by Adam ...
Life Partners Inc. is the world's oldest life settlement provider and one of the most active companies in the world engaged in the secondary market for life insurance. [4] Life Partners Inc. is the architect of the newest asset class, life settlements, [5] which has grown over the past decade to become an $80 billion industry. [6]