Johnson & Johnson bankruptcy News

J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends

Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is the only viable way to end more than 15 years of litigation, while opponents assailed the company’s efforts to line …

J&J Begins Crucial Battle Over $10 Billion Baby Powder Settlement

Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to …

J&J Unit Files for Bankruptcy to Advance $10 Billion Talc Settlement

A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby …

Johnson & Johnson Adds $1.1 Billion to Proposed Talc Settlement

Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the …

J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy

Johnson & Johnson JNJ.N said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court …

J&J Must Face Baby Powder Suit by 24-Year-Old Dying of Cancer

Johnson & Johnson can no longer use bankruptcy to block a trial in California over claims its baby powder caused the deadly cancer of a 24-year-old man, a federal judge ruled Tuesday. The ruling is the first of its kind …

J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’

A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, …

Judge to Rule in February on Johnson & Johnson Baby Powder Bankruptcy Strategy

Johnson & Johnson should know by the end of next month whether its controversial use of bankruptcy to try to resolve billions of dollars in cancer claims can proceed, or if the consumer products giant must fight roughly 38,000 lawsuits …

Supreme Court Turns Away J&J’s Bid to Avoid State’s Talc Warning Lawsuit

The U.S. Supreme Court on Monday declined to hear a bid by Johnson & Johnson to throw out a lawsuit brought by the state of Mississippi over allegations that the company failed to inform residents that its talc-based products increased …