bankruptcy News

Cancer Victims Urge Court to End J&J Bankruptcy Roadblock to Lawsuits

People suing Johnson & Johnson over the company’s talc products urged an appeals court on Monday to revive their claims, saying the profitable company should not be allowed to use a bankrupt subsidiary to block lawsuits alleging the products cause …

Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff

Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans for hearing damage caused by the company’s military-issue earplugs. The veterans said …

3M Bankruptcy Tactic Fails as Combat Earplug Suits Move to Trial

3M Co.’s plan to use controversial bankruptcy rules to shield itself from some 230,000 lawsuits over military earplugs looked like a relatively simple fix to a long-simmering problem that could cost it billions of dollars. Like most things that sound …

3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic

3M Co.’s attempt to block jury trials of more than 230,000 lawsuits accusing it of harming US soldiers faces a key test this week in front of a federal judge in Indianapolis. US Bankruptcy Judge Jeffrey J. Graham is set …

Endo Files for Bankruptcy as U.S. Opioid Litigation Drags

Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s opioid epidemic. The pharmaceutical …

Carolina Panthers Owner Proposes $82M to Creditors Over Failed Practice Facility

Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday. The plan would require approval from courts …

3M Faces $100 Billion in Losses From Veterans’ Earplug Suits, Expert Says

3M Co. faces more than $100 billion in losses and bankruptcy because of lawsuits brought by veterans who blame their hearing problems on faulty earplugs, according to a litigation consultant hired by lawyers suing the industrial conglomerate. Initial results from …

Sandy Hook Parents Seek to Stop InfoWars Bankruptcy Payments to Alex Jones

Parents of children killed in the 2012 Sandy Hook school massacre urged a U.S. bankruptcy judge on Wednesday not to allow the parent company of far-right website InfoWars to send any money to its founder, conspiracy theorist Alex Jones, or …

Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons

The Boy Scouts of America may be forced to cut $250 million from its proposal to set up a trust fund for sex abuse victims after a judge rejected a key provision of a deal the youth group signed with …

Sandy Hook Families Cast Wary Eye on New Infowars Bankruptcy

Families of Sandy Hook school shooting victims have quickly raised the alarm over the latest legal maneuver from far-right radio show Infowars and its proprietor, Alex Jones. The ultimate parent of Infowars, Free Speech Systems LLC, filed for Chapter 11 …