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J&J faces more than 38,000 lawsuits that have been consolidated in federal court in New Jersey alleging that its talc products sometimes contained carcinogenic asbestos, and those cases have been ...
J&J subsidiary LTL Management in April filed for bankruptcy in Trenton, New Jersey proposing to pay $8.9 billion to settle more than 38,000 lawsuits, and prevent new cases from coming forward in ...
The settlement follows a January appeals court ruling invalidating J&J’s controversial “Texas two-step” maneuver, in which it sought to offload the talc liability onto a subsidiary LTL ...
J&J did not disclose the value of the mesothelioma settlements, but it said that it recorded an incremental charge of $2.7 billion in the first quarter of 2024, to account for recent talc-related ...
J&J proposes $8.9B talc settlement deal but some plaintiffs decry 'woefully inadequate' offer By Angus Liu, Eric Sagonowsky Apr 5, 2023 8:25am Johnson & Johnson talc litigation Pharma ...
RELATED: Johnson & Johnson talc settlement includes $15M for MD; first payment due late July. Last year a subsidiary of J&J proposed to pay approximately $6.48 billion over 25 years as part of a ...
In the latest case, J&J is likely to replace the backstop agreement with the $8.9-billion settlement in the new bankruptcy filing involving the LTL unit. More to Read Walgreens agrees to pay at ...
A lawyer for a bankrupt J&J subsidiary responsible for costly talc litigation said Tuesday the company was close to a settlement last year worth between $4 billion and $5 billion.
Johnson & Johnson JNJ subsidiary, LTL Management, which was established to manage claims in the cosmetic talc litigation, has filed for voluntary bankruptcy for the second time to equitably ...
The chief legal officer of J&J’s bankrupt subsidiary responsible for talc litigation said the company’s $2 billion settlement offer “is a start.” ...
Red River Talc LLC, a J&J subsidiary, was […] A U.S. bankruptcy court judge has denied Johnson & Johnson’s settlement plan related to baby powder containing talc, providing another setback in ...
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