Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy plan, which… Continue reading J&J Exploring Putting Talc Liabilities into Bankruptcy: Sources
Tag: cancer-causing asbestos
J&J to Pay $2.1 Billion Talc Award as Top Court Nixes Appeal
Johnson & Johnson must pay a $2.1 billion award to women who claimed its baby powder was contaminated with cancer-causing asbestos, after the U.S. Supreme Court left intact the largest verdict in the almost decade-long litigation over the iconic product. The top U.S. court without comment on Tuesday refused to consider J&J’s objections to a… Continue reading J&J to Pay $2.1 Billion Talc Award as Top Court Nixes Appeal