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A plaintiffs' lawyer who represents 11,434 of approximately J&J's roughly 100,000 talc claimants said the company's figure is inflated, and its latest bankruptcy petition is "fraught with problems."
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 ...
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.
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The first step began in October 2021 when Johnson & Johnson’s parent company formed the subsidiary LTL Management, transferring its existing 38,000 talc claims to LTL. At the time, J&J offered ...
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 ...
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The company stopped selling talc-based baby powder in favor of cornstarch-based products, citing an increase in lawsuits and "misinformation" about the talc product's safety.