Newly released J&J bankruptcy plan for compensating talcum powder cancer claims includes Canadian claims
A Johnson & Johnson subsidiary that is pursuing a US bankruptcy to resolve thousands of talcum powder lawsuits has filed its plan for compensating cancer victims with pending claims, and the proposed plan directly impacts the rights of Canadians. The Chapter 11 Plan of Reorganization pr…
View the post titled Newly released J&J bankruptcy plan for compensating talcum powder cancer claims includes Canadian claimsJ&J files new bankruptcy case to address talcum powder claims after initial bankruptcy case rejected
On April 4, 2023, Johnson & Johnson announced a new proposed plan to commit $8.9 billion USD to “resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America” through a newly filed Chapter 11 case in a US bankruptcy court. The proposed…
View the post titled J&J files new bankruptcy case to address talcum powder claims after initial bankruptcy case rejectedJohnson & Johnson’s bankruptcy strategy for talcum powder cancer lawsuits rejected by US Court
A US Court of Appeals has rejected a controversial strategy by Johnson & Johnson to use a bankruptcy as a way to deal with billions of dollars worth of claims filed against the company by cancer victims, who allege that J&J’s talcum powder products (e.g., baby powder) cause cancer.…
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