You May be Entitled to Significant Compensation Why is gold bond talc free. Johnson & Johnson powders were proven to contain asbestos (a cancer causing agent) and the company failed to notify users of the cancer risk. $2 BILLION has already been awarded to claims. Free To File! No Fees Unless A Settlement Is Awarded!
J&J’s proposed talc settlement will be worth 400 million dollars to US state AGs. Why Is Gold Bond Talc Free .
Johnson & Johnson (JNJ.N) has put aside $400 million to address U.S. state consumer protection actions as part of a wider $8.9 billion plan to settle allegations that its Baby Powder and other talc-based products cause cancer. Why is gold bond talc free.
J&J subsidiaries LTL Management filed a bankruptcy plan in New Jersey late on Monday that details how the company intends to pay for different types of cancer sufferers in an arrangement for bankruptcy. Why is gold bond talc free. J&J has claimed that its Talc products are safe, and won’t cause cancer. J&J is seeking another time to settle more than 38,000 lawsuits filed in bankruptcy and prevent new cases from being filed in the near future.
LTL’s bankruptcy plan would pay $400 million into an additional trust to settle claims made with state attorneys general alleging that J&J had violated the state’s unfair commercial practices as well as consumer protection laws, by deceiving consumers about the quality of its talc products.
A number of states had already initiated consumer protection actions against J&J prior to the time that LTL’s bankruptcy filing prevented these investigations from moving forward in 2021. Why is gold bond talc free. New Mexico and Mississippi had already initiated suits with Johnson & Johnson before then and the states of Arizona, Maryland, North Carolina, Texas and Washington had issued subpoenas or civil investigative demands, according to LTL’s court papers.
New Mexico and Mississippi have filed a petition to end LTL’s bankruptcy in a joint move with cancer victims and The U.S. Justice Department’s bankruptcy watchdog, who have argued that a profitable firm like J&J is not eligible for bankruptcy protections intended for struggling debtors.
LTL’s first attempt at resolving the lawsuits in bankruptcy was rejected after the same arguments, when a U.S. appellate court ruled that LTL was not in “financial difficulty” and was not eligible to receive bankruptcy relief. Why is gold bond talc free. LTL made a new bankruptcy application less than two hours after that dismissal, arguing that the second bankruptcy was different in that it had less money and had a greater chance of securing a settlement.
New Mexico and Mississippi said in their motion to dismiss LTL’s renewed bankruptcy violates the law enforcement powers of the state by attempting unilaterally to cap the company’s liability for state consumer protection laws.
Why Is Gold Bond Talc Free
LTL’s new filings also included more information about how the company plans to evaluate and pay claims for cancer when the bankruptcy plan is approved.
The most significant payments under the settlement would be $500,000 for people diagnosed with cancer of the mesothelioma ovary before the age of 45, and $260,000 for patients diagnosed with terminal ovarian cancer prior to age 45.
The proposed settlement will offer discounts based on the nature and severity of the cancer, the person’s years of age, their history of the use of talc, and other aspects. Why is gold bond talc free. For example an individual who was using talc products on a weekly basis, who had the family history of ovarian cancer and was diagnosed stage II ovarian cancer when she was 55 might qualify for a $21,125 payment under the settlement plan.
Judge gives order to J&J and talc opponents discuss settlement negotiations.
Following another hearing in Johnson & Johnson’s attempt to utilize a Texas Two-Step bankruptcy strategy for talc litigation, federal bankruptcy Judge Michael Kaplan has ordered the firm and the people who opposed the plan to hold settlement talks, Bloomberg reports.
In its second bankruptcy effort for LTL Management, a subsidiary set up by J&J to settle claims – the company made a settlement offer of $8.9 billion. Why is gold bond talc free. While one group of law firms representing plaintiffs agree with the deal, another group is opposed to the offer.
The previous week, the opposition group, known as”The Official Committee of Talc Claimants in the bankruptcy court, demanded for dismissal of the matter by argument that LTL is not considered to be in financial hardship.
“The filing is an incredibly legal and ineffective attempt by a small number of law firms to prevent claimants from voting on the resolution plan, a plan the vast majority of claimants support,” J&J’s litigation chief Erik Haas, said in a statement. Why is gold bond talc free. “The law firms behind their filing are financially oriented and have conflicts that conflict with, contradict and oppose the interests of their clients. We’ll be submitting an appeal before the court of appeals.”
Why is gold bond talc free. Clay Thompson, a lawyer for MRHFM which includes more than patients with mesothelioma who have sued J&J and J&J, has said that J&J’s second bankruptcy effort failed.
“J&J publishes press release about how wonderful its plan is, while requesting that details of the plan, such as what each sick person will receive,” Thompson said in an email. “What is J&J’s plan to cover up?”
Kaplan has directed the parties to create a reorganization plan, under the oversight by two mediators.
In February 2022, Kaplan acknowledged J&J’s use of Chapter 11 to hasten a settlement that would relieve J&J from the tens of thousands of claims concerning its talcum products.
However, in January of this year an appeals court of the federal government overturned the decision, ruling that the business could not be considered in “financial difficulty.”
In the event that J&J’s request to contest the U.S. Supreme Court was dismissed in April, J&J was granted a second petition for bankruptcy about two hours later. In response, Kaplan froze the lawsuits for 60 days to decide whether or not to accept to file for bankruptcy again.
J&J’s omnipotent profit engine fails after $6.9B settlement charge for talc.
With 2 Chapter 11 attempts, J&J has bought 19 months during which cases were put in limbo. Why is gold bond talc free. The company is requesting that claimants take a vote to accept their settlement. J&J needs 75% of the vote for the deal to go through.
In addition to the team of talc attorneys who have panned the company’s bankruptcy play in the U.S. Trustee, the U.S. Trustee, an arm from the U.S. Department of Justice, also filed an application to dismiss LTL’s second bankruptcy case.
In a letter filed this week, U.S. Trustee Andrew R. Vara wrote that the bankruptcy courts are “open to honest, but naive debtors.” Those doors “are not open to any parties that lack a legitimate bankruptcy reason or want to take advantage of the bankruptcy process to hinder or delay their creditors,” Vara continued.
On the other hand, J&J maintains there is no conclusive evidence that its products containing talc, such as the famous baby powder, can cause cancer. J&J has taken the products of the market, first in North America in 2020–and the rest of the world this year.
J&J seeks to avoid the cost of going to trial. The company has won the majority of cases that have been decided in court, however some losses have been harsh.
A highly-publicized trial in Missouri led to an $4.7 billion verdict against the drugmaker, which was later reduced to $2.1 billion following appeals.
Johnson & Johnson faces high-stakes hearing over ‘Texas Two Step’ talc strategy: report
In all, J&J has lost nine trial cases in talc which are being appealed or settled. Of the 41 trials, 32 of them ended in winning for J&J either through a mistrial or verdict of a plaintiff dismissed on appeal. Why is gold bond talc free. In addition, J&J has announced plans to settle nearly 1,000 cases for $100 million, Bloomberg announced at that time.
Talcum Baby Powder Ovarian Cancer Lawsuit – Why Is Gold Bond Talc Free
Our lawyers are handling baby powder cases in all 50 states. The talcum powder lawsuits for Johnson & Johnson have been in the process for several years. Why is gold bond talc free. The lawsuits contend that the prolonged use of talcum powder (or “talc”), the active ingredient in products like the Baby Powder as well as Shower to Shower, can cause ovarian cancer in some women.
This page offers the J&J Talc Power Update and explains how the forthcoming bankruptcy ruling impacts the ultimate settlement amount of these ovarian cancer lawsuits.
Has the deadline passed for you to start a lawsuit against talcum powder? Many who assume the statute of limitations has run out to file a lawsuit against Johnson & Johnson are wrong. Call us today at 800-553-8082 or request a free and quick review of your case online.
Johnson and Johnson Talcum Powder Lawsuit Update 2023 – Why Is Gold Bond Talc Free
June 2 2023 Update: During the asbestos talc trial which took place in California yesterday, technical issues interrupted the opening statements of the defense attorneys. Why is gold bond talc free. Jurors watching from home on Zoom, did hear Johnson & Johnson’s lawyer voice his doubt about the 70s research asserting the presence of asbestos in their product prior to the proceedings abruptly ended.
In the meantime, the plaintiff had the opportunity to present its first expert witness Arthur Langer. Langer explained that the occurrence of other minerals with the talc mineral is a given. He testified that his team had notified J&J in 1971 of the presence of chrysotile asbestos within the talc of the company, but in just 0.1 percent. The asbestos was discovered by him in 1976.
June 1, 2023 Update: Why is gold bond talc free. This is the first court trial that has taken place since J&J has decided to separate its Talc segment and file for bankruptcy marks a pivotal moment within the ongoing lawsuit controversy. Trial started on Monday in the harrowing case of a young, 24-year-old plaintiff, diagnosed with an extremely rare and aggressive form of mesothelioma in the past year, a diagnosis lawyers on both sides agree is a harrowing tragedy.
The opening statements exposed the stark differences in each side’s story. The attorney representing the plaintiff aimed his ire against Johnson & Johnson, alleging the use of deceptive tactics in research practices and throughout the litigation procedure. The attorney claims that, according to, the company attempted to manipulate asbestos’ definition, despite internal documents dating back to 1978 and 1994 showing that asbestos fibers found in tissue of the plaintiffs are included.
Johnson &J’s tangled $8.9 billion settlement deal hangs in the balance with the progression of this trial. Despite the unique nature of the mesothelioma trial and its unique challenges compared to other lawsuits involving talcum powder ruling in favor of the plaintiff could result in an unintended setback to Johnson & J’s hopes for broad acceptance of their settlement proposal among plaintiffs.
May 31st 2023: Update from Johnson and Johnson’s bankrupt talc division vigorously defended its 2nd Chapter 11 filing in the in the face of challenges from victims of talc injuries. In an opposition filed with the New Jersey bankruptcy court, the subsidiary argued that the filing was vastly different from the previous filing. The subsidiary emphasized the record-breaking commitment of $8.9 billion from J&J, the biggest settlement ever to be made in a mass tort bankruptcy case. Why is gold bond talc free. Not mentioned: how the amount of the settlement signifies that it’s a fair settlement. J&J also claimed that it received support from several plaintiffs’ legal firms representing more than the 60,000 plaintiffs. This is difficult to verify but likely incorrect.
May 24, 2023 Update: Since Johnson & Johnson’s 2021 bankruptcy filing, the very first trial concerning its cosmetic talc products allegedly that contain asbestos is scheduled to start jury selection Monday, California in Alameda County Superior Court, the most favored court for plaintiffs. The plaintiff claims that his mesothelioma was caused by asbestos exposure through J&J’s products and that the company denies. The trial also involves six retailers who are accused of selling talc-based products.
May 22, 2023 Update: Lawyers in the 2nd J&J talc bankruptcy are battling over who should be chosen to fill the role of the future claims representative, an important role critical to resolving claims involving talc. Why is gold bond talc free. Randi Ellis, a lawyer who regularly appears in MDLs throughout the United States was appointed as the claims representative in the initial bankruptcy. J&J’s defense group wants Ellis to be named to the position in the future, however lawyers representing the plaintiffs in talc are arguing because Ellis has an unrelated conflict of interest which would prohibit her from being appointed to that post in the future. This conflict is rooted in the fact that Ellis was reportedly involved in the creation of the hotly disputable second bankruptcy, which raises concerns about her capacity to be neutral. It’s true that this bankruptcy could be tossed out anyway.
May 17, 2023 Update: The pretend company that J&J put together for the talc litigation bankruptcy told a New Jersey bankruptcy court that they had allocated $400 million to settle the claims of states that accuse J&J of misleading marketing for its talc products. Why is gold bond talc free. This amounts to an $8.5 billion settlement to cancer victims. It is hard to imagine any scenario in which J&J could push these baby powder settlements through at these numbers. While J&J’s proposed $8.5 billion offer might seem like a huge sum initially, it will not look great when you do the math. The settlement plan based on our rough calculations would not pay victims much more than a median settlement of $100,000 per instance. This isn’t enough.
May 15, 2023 Update J&J is potentially facing a lawsuit by an advocacy group representing cancer patients. Why is gold bond talc free. The group argues that J&J intentionally canceled a $61.5 billion financing agreement that it had with its company subsidiary LTL Management LLC, to create the appearance of financial hardship and to validate the company’s Chapter 11 bankruptcy filing. The group argues that this act amounts to a fraudulent transfer of the victims’ compensation rights. They intend to investigate J&J’s actions as a result of the dismissal of the first bankruptcy case of LTL.
May 10 2023 Update: Next week, it is expected that the U.S. Bankruptcy Court in New Jersey will hear oral arguments regarding a motion to reject the second bankruptcy filing from J&J LTL Management, J&J’s subsidiary. LTL Management. In the meantime, however, this bankruptcy court has issued an Order which requires both sides to take part in a second settlement mediation to see if an international settlement agreement can be reached.
May 5th 2023 Update: The talc manufacturer Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to several lawsuits alleging that its talc products cause cancer due to asbestos exposure. Why is gold bond talc free. Over 2700 people have sued the firm and the company was paying $1 million per month to defend itself. The company’s most recent $29 million settlement that was handed down in South Carolina forced it to pursue bankruptcy protection, and arguing for a fair distribution of assets between talc claimants rather than being taken by the receiver. Other suppliers of talc have filed for bankruptcy due to litigation.
May 4 2023 Update: U.S. The bankruptcy Judge Michael Kaplan has directed Johnson & Johnson to relaunch talks on settlement with lawyers who turned down the company’s $8.9 billion settlement offer. In Trenton, New Jersey yesterday the parties appeared before a judge to discuss the next steps in another bankruptcy proceeding. Judge Kaplan was pushing for more settlement discussions.
This is the solution to settle these claims with J&J. A baby powder settlement can get done. Why is gold bond talc free. But it’ll need more money – more billions of dollars – from Johnson & Johnson.
Lawyers are split on whether to accept the proposal and not all clients view the issue the same way their lawyer does. This second case of bankruptcy is bound to fail and Judge Kaplan has set a date for a hearing in June to decide if he will close the case for the third time.
May 3, 2023 Update A group of cancer patients who have sued Johnson & Johnson (J&J) asked that J&J’s Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it is an attempt to derail litigation over talc products. The group representing the claimants submitted a motion on Tuesday, asking the Third Circuit to consider their case and send it back to a lower court, with instructions to discharge the bankruptcy. Why is gold bond talc free. They also asked that the stopped tort litigation against J&J allow the litigation to proceed.
LTL has filed for Chapter 11 protection once again after its bankruptcy filing was denied by the Third Circuit earlier this year which offered a $8.9 billion payment. The committee believes that the recent ruling which allowed LTL’s second Chapter 11 to continue, while also halting trials against J&J should be subject to urgent Third Circuit review. The US Trustee also requested that an New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s global vice president of litigation, Erik Haas, was quoted by Bloomberg as saying that J&J intends to file a formal response to the appeals court saying that the filing is a “desperate and legally flawed effort” by a small number of law firms with conflicting financial interests.
May 1 2023 Update: A most frequently asked question is how plaintiffs and their attorneys turn down $8.9 billion. That’s of course an enormous amount of money. However, there are lots of victims. Why is gold bond talc free. And these are really good claims for plaintiffs. We were reminded of this recently when two talc cases ended in large verdicts for plaintiffs. In February mesothelioma, a talcum-based powder trial in Oregon resulted in a verdict in the amount of $18.1 million. A month later, another talc mesothelioma case went to hearing within South Carolina and resulted in a verdict of $29million to the plaintiff. Both cases were defended by Whittaker, Clark & Daniels Inc. which is one of the most prominent suppliers of talc in the U.S.
April 30 2023 Update: In the year 2023, when J&J initially attempted to pull the talcum powder lawsuit into bankruptcy, it came with the option of putting aside $2 billion for settlements. It was a ridiculously small amount. All of the talc plaintiffs agreed with the offer. This time around, however, J&J has increased the offer to $8.9 for talc-related plaintiffs if they agree to a bankruptcy settlement and also has the backing of a significant part of the talc-related plaintiffs and their attorneys. Why is gold bond talc free. But 75% of the talc plaintiffs, which is needed for approval of the bankruptcy plan, it a tough road because of the number of lawyers who have vast collections of baby powder lawsuits that are opposed against the proposed settlement.
What can be done to end the impasse? More billions.
April 25 2023 Update Talc cancer claimants have asked a judge to dismiss the Chapter 11 case filed by LTL Management LLC, a absurdly-made-up Johnson & Johnson subsidiary, insisting that the company is not financially distressed. LTL requested Chapter 11 to settle tens of thousands of claims that J&J’s baby products caused cancer. Why is gold bond talc free. In the end, however, the 3rd Circuit dismissed its first Chapter 11 case in January The court ruled that the company wasn’t eligible to receive bankruptcy relief because it did not show financial distress.
The plaintiffs argue that LTL’s third Chapter 11 case is an abuse of the bankruptcy system, and that it’s being conducted in bad faith. J&J claims the bankruptcy settlement has “significant backing” from firms representing about 60,000 potential people who are claiming. It’s safe to say that lawyers representing plaintiffs and victims are divided over their disagreement over the $8.9 billion amount of settlement offered.
April 21st, 2023 Update A bankruptcy judge decided that Johnson & Johnson must face new lawsuits alleging that the company offered a baby powder with a contaminant that caused cancer. Even though trials for the lawsuits involving talc are delayed for at least 60 calendar days and new lawsuits are able to be filed, and lawyers can begin preparing their cases. Why is gold bond talc free. Judges expressed doubt about J&J’s absurd attempt to relaunch its strategy in a second bankruptcy case.
April 13, 2023 Update: most important story is that there’s an $8.9 billion over the next 25 years settlement offer. Lawyers representing cancer patients who are part of the MDL group action promised to fight the settlement with talc claimants. Why? They argue that it’s not enough for 70 000 cancer patients. Why is gold bond talc free. These lawyers believe that J&J could negotiate a greater settlement or pursue individual claims in the event that the latest bankruptcy is declared unconstitutional.
However, there is a second set of lawyers who are not part of the leadership in this class action. These lawyers have amassed hundreds of thousands of cases. The group is seeking to settle the case now for what many argue is lower than what the victims should be paid. The argument they make is twofold. The first is that they claim the settlement – which amounts to the equivalent of $100,000 per plaintiff – is fair.
This is an argument that is difficult to make. But their second argument has more force: the victims can not afford to wait any longer and need the money immediately.
April 12 2023 Update: People are wondering if J&J can go through bankruptcy once more. The answer is complicated and convoluted. But let’s try to explain the issue in a simple way.
Johnson & Johnson asserts that bankruptcy is the only option to deal with both present and future talc lawsuits conclusively. It thinks it will pay less should there be an element of bankruptcy that puts pressure to negotiate a settlement. Why is gold bond talc free. In a quest to cover more than 400 years in American past, the company argues that bankruptcy benefits all parties because it distributes settlements more equally and more efficiently than trial courts where litigants are awarded significant payouts, while others are left with nothing.
The main thrust of the 3rd Circuit decision was this is not a case of a profitable company making an affiliate to accept the legal risk and declare bankruptcy – Congress thought of when drafting its Bankruptcy Code. However, it also stated the company was in financial trouble due to the fact that J&J assured it of unlimited funding.
So J&J jumped on the unlimited funding portion of the contract and didn’t make any promises to provide unlimited funding for lawsuits. J&J claims that its revised financing arrangements with its subsidiary address the concerns of the appeals court while providing funds for claims. It’s as if giving victims less money will solve the overarching problem.
Attorneys representing cancer victims who do not agree with the agreement counter the agreement with what is a defense against legal nonsense by pointing out legal absurdity: J&J fraudulently transferred $50 billion of assets away from LTL Management to circumvent the appeals court’s earlier decision. The hyperbole wasn’t spared by the victims’ lawyers, who call it the biggest “fraudulent transaction in United States history.”
Despite the legal jargon, J&J does not really believe that this bankruptcy will last. However, it’s a means to try and push the $8.9 billion settlement, and to keep the pressure on plaintiffs.
April 10 2023, Update Bloomberg has an interesting article about a new law that has been passed in New Jersey that is shedding new light on the funding of litigation in the baby powder plaintiffs in the class action. Funders of litigation Virage Capital Management and TRGP Capital invested in hundreds of lawsuits from Johnson & Johnson (J&J) regarding talc products, in exchange for a share of any settlements. J&J has now offered the payment of $8.9 billion to settle any lawsuits.
The funders’ involvement is public information due to a New Jersey court rule requiring the release of certain details about funders outside the state. This rule is intended to address the rising calls for regulation of litigation funders. J&J is facing more than 60,000 claims when you take into account federal and state child powder-related lawsuits. Third-party financing in mass tort cases is not without its pros and pros and. There is no doubt that we are seeing how third-party financing can help level the playing field between individual and big companies in court.
April 4, 2023 Update: It’s enjoyable to see the worm turning in this litigation. J&J took another hit this week, when they were denied by the Third Circuit denied J&J’s request to maintain the automatic stay in the meantime that J&J appeals an order granting bankruptcy in the U.S. Supreme Court. This automatic stay stopped the cases of talcum powder in a number of years and prevented new lawsuits from getting filed ever since J&J launched the controversial attempt to spin talc-related liabilities into a bankrupt entity over a year earlier. Why is gold bond talc free. When it was decided that the 3rd Circuit ruled that this bankruptcy was insufficient a few months ago, the stay was removed. J&J had hoped to have it remain in effect until an appeal to the SCOTUS appeal. But the answer was no.
April 1st, 2023 Update: Johnson & Johnson announced it will appeal its 3rd Circuit bankruptcy loss to the U.S. Supreme Court last week. The chance the Supreme Court is willing even to accept the appeal? Low.
March 16th 2023 Update: With the bankruptcy stay now in effect, the first new cases were filed and incorporated into the talcum powder class action MDL within a year. Seven new talc lawsuits were included in the MDL in the last month, bringing the total number of pending cases up to 37,522.
February 25 2023 Update This morning, a Congressmen from Tennessee is now calling for authorities from the U.S. Government Accountability Office (GAO) start an investigation into the cost J&J Talc products have cost the government over the decades.
Recently, in an open letter addressed to the GAO, Rep. Steven Cohen (D-Ten.) in a recent letter to the GAO, Rep. Steven Cohen (D-Ten. J&J of ignoring the dangers of its talc-based products for years while tax dollars were used to treat those who were injured through exposure to the product. The demand comes just weeks after J&J’s major loss in the 3rd Circuit Court of Appeals.
Why is gold bond talc free. J&J should begin to make reasonable settlement proposals to victims to to put all of this behind. This is a disgrace to one of the world’s greatest businesses.
February 14 , 2023 Update: At a hearing today in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention to follow the 3rd U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.
You May be Entitled to Significant Compensation Why is gold bond talc free. Johnson & Johnson powders were proven to contain asbestos (a cancer causing agent) and the company failed to notify users of the cancer risk. $2 BILLION has already been awarded to claims. Free To File! No Fees Unless A Settlement Is Awarded!