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Johnson & Johnson, talc
J&J Unit Seeks Chapter 11 Bankruptcy for Third Time Over Baby Powder Suits
Johnson & Johnson said Friday a majority of baby powder users agreed to back an around $8 billion settlement of claims the talc-based product gave them cancer, a key step as the company makes its third attempt to resolve thousands of lawsuits in bankruptcy court.
J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder (2)
Johnson & Johnson said it received overwhelming support for a roughly $8 billion settlement of claims that its talc-based baby powder caused cancer, a key step as the company makes its third attempt to resolve thousands of lawsuits in bankruptcy court.
J&J Subsidiary Files for Bankruptcy to Advance $8 Billion Talc Settlement
The J&J Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers.
Johnson & Johnson unit seeks third Chapter 11 bankruptcy filing to settle talc claims
A Johnson & Johnson (NYSE:JNJ) subsidiary, Red River Talc, that has been formed to handle claims related to the healthcare giant's talc-based products, filed a voluntary prepackaged Chapter 11 bankruptcy case Friday to resolve current and future claims linked to ovarian cancer.
Johnson & Johnson Files Third Bankruptcy Case Seeking to End Talc Lawsuits
The healthcare-products company is taking another shot at resolving mass cancer lawsuits in chapter 11 after two failed attempts.
13h
on MSN
J&J Lifts Baby Powder Settlement Bid to More than $8.2 Billion
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby ...
20h
on MSN
J&J said to boost offer to settle baby powder lawsuits to over $8.2B
Johnson & Johnson (JNJ) has reportedly raised its offer to settle thousands of lawsuits alleging its baby powder caused ...
15d
Did Johnson & Johnson's Proposed $8B Talc Bankruptcy Plan Just Jump to $9.1B?
More than a decade after taking on Johnson & Johnson with the first trial linking baby powder to ovarian cancer, attorney ...
11h
Baby powder recall hits Amazon and distributors in 12 states over fears of asbestos contamination
Dynarex Corporation has announced a recall of its Dynacare Baby Powder. According to a news release published Thursday by the ...
15d
Johnson & Johnson To Add $1.1 Billion To Proposed Talc Settlement
Johnson & Johnson revealed plans to pay an additional $1.1 billion to its talc settlement proposal to resolve thousands of ...
16d
Johnson & Johnson Wins Over Longtime Holdout for Talc Settlement
Tort lawyer Allen Smith now backs J&J’s settlement plan after the company raised its offer to roughly $9 billion, sources say.
11d
Johnson & Johnson ordered to pay $37M: This week in Central Jersey history, Sept. 9-15
Sept. 13: William Eatman, 58, of Edison, was sentenced to life in prison by Superior Court Judge Barnett Hoffman in New ...
19d
Is Johnson & Johnson the Best Dividend Stock for You?
Instead, read this to find out if this Dividend King is the best dividend stock for you. Investors looking for a dividend ...
16h
Johnson & Johnson (JNJ) Gets a Buy from RBC Capital
In a report released yesterday, Shagun Singh Chadha from RBC Capital maintained a Buy rating on Johnson & Johnson (JNJ – Research ...
1d
J&J raises baby powder settlement offer to more than $8.2 billion
J&J recently garnered support from more than 75 per cent of baby powder claimants for an out-of-court deal that includes ...
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