August 15, 2024
Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, …
May 29, 2024
Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “The glyphosate litigation topic …
March 15, 2024
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. …
March 1, 2024
Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest obstacle to completing its plan …
February 15, 2024
The directors and officers of Bed Bath & Beyond will have their legal costs related to the retailer’s bankruptcy covered under a Zurich American Insurance policy. U.S. Bankruptcy Judge Vincent F. Papalia has stipulated that Zurich Insurance can issue payments …
October 24, 2023
HOUSTON (AP) – A Texas judge has ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying more than $1.1 billion to families who sued over his conspiracy theories that the Sandy Hook school massacre was a …
October 20, 2023
Conspiracy theorist Alex Jones cannot use his personal bankruptcy to escape paying at least $1.1 billion in defamation damages stemming from his repeated lies about the 2012 Sandy Hook elementary school massacre, a U.S. bankruptcy judge ruled Thursday. Bankruptcy can …
August 29, 2023
Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The Ireland-based company initiated Chapter …
August 28, 2023
3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said. The settlement would avert a potentially much larger liability …
August 3, 2023
Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged a U.S. judge to temporarily block the company from seeking bankruptcy protection for a third time for its talc subsidiary. …