A Houston bankruptcy judge who dismissed the Chapter 11 case for Johnson & Johnson’s talc liability unit improperly refused ...

J&J then proposed the $8.9bn settlement in early 2023 to resolve the claims. This proposal would have ended both current and future lawsuits related to J&J’s talc-based products.

J&J wants to use Chapter 11 proceedings because bankruptcy judges can enforce global settlements that permanently halt all related lawsuits and forbid new ones, all for a capped payout.

A U.S. bankruptcy court judge has denied Johnson & Johnson’s settlement plan related to baby powder containing talc, providing another setback in the company’s efforts to resolve the matter.

A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of ...

The settlement is being offered through a corporate shell J&J created to absorb the cancer claims and file bankruptcy, a controversial legal tactic known as the Texas Two Step.

Under special Chapter 11 rules, a J&J unit needed to win the vote by 75% to have a chance at convincing a judge to approve the settlement.

J&J has announced plans to finalize a $6.48 billion global settlement through the bankruptcy of a subsidiary company, after earlier efforts were rebuffed twice by federal courts.

The question of whether J&J’s settlement will be approved, or if opponents will succeed in stopping a third bankruptcy, will be left for later court hearings.

Driving the news: J&J subsidiary Red River Talc LLC filed for Chapter 11 in a proposed settlement covering tens of thousands of cases in which victims say talc in the company's baby powder caused ...