Articles by Dietrich Knauth

Alex Jones Must Pay $1.1 Billion of Sandy Hook Damages Despite Bankruptcy: Court

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 …

Court OKs Mallinckrodt Restructuring, $1 Billion Cut to Opioid Settlement

Drugmaker Mallinckrodt on Oct. 10 won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. The Ireland-based company reached …

Doctor Asks Court to Toss J&J Lawsuit Against Her Over Cancer Research

A medical researcher has asked a court to throw out a lawsuit that Johnson & Johnson filed against her over her 2019 study on the links between cosmetic talc products and cancer, saying that her research is sound and protected …

Drugmaker Mallinckrodt Files for Second Bankruptcy in the US

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 …

Purdue Asks Supreme Court Not to Block Opioid Settlement During Appeal

Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject the U.S. Department of Justice’s request to delay its multi-billion-dollar bankruptcy settlement resolving thousands of lawsuits against it over the opioid epidemic. The department’s bankruptcy watchdog last …

J&J Talc Cancer Plaintiffs Want 6-Month Ban on Further Bankruptcy Filings

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. …

J&J Effort to Resolve Talc Lawsuits in Bankruptcy Fails a Second Time

A U.S. judge on Friday shot down Johnson & Johnson’s second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed. U.S. …

DOJ Asks Supreme Court to Delay Purdue Pharma Bankruptcy Settlement

The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a bankruptcy settlement that protects its Sackler family owners from lawsuits. An appeals court rejected a proposed delay earlier this week, …

Cancer Plaintiffs Drill Down on J&J’s Support for $8.9B Talc Deal

The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. During a multi-day court hearing …

J&J’s $8.9 Billion Talc Settlement Faces Bankruptcy Test

Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may …