You May be Entitled to Significant Compensation Gold bond class action lawsuit. 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 would pay 400 million dollars to US state AGs. Gold Bond Class Action Lawsuit .

Johnson & Johnson (JNJ.N) has set the amount of $400 million for resolving U.S. state consumer protection actions as part of its larger $8.9 billion settlement of claims that its Baby Powder as well as other talc product causes cancer. Gold bond class action lawsuit.

J&J subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday that outlines how the firm intends to pay different types of cancer victims in a bankruptcy settlement. Gold bond class action lawsuit. J&J has said that its Talc products are safe and won’t cause cancer. J&J is seeking an additional time to conclude more than 38,000 lawsuits brought in bankruptcy and stop new cases from coming forward in the future.
LTL’s bankruptcy plan would pay $400 million to a separate trust for claims brought with state attorneys general claiming that J&J violated states’ unfair practices as well as consumer protection laws by misinforming consumers regarding the quality of its talc products.

Some states had started consumer protection actions against J&J prior to the time that LTL’s bankruptcy filing prevented these investigations from moving forward in 2021. Gold bond class action lawsuit. New Mexico and Mississippi had already brought suit against Johnson & Johnson before then and states like Arizona, Maryland, North Carolina, Texas and Washington had issued subpoenas or civil investigative demands, according to LTL’s court documents.

New Mexico and Mississippi have decided to declare LTL’s bankruptcy unfinished in a joint move with cancer victims as well as the U.S. Justice Department’s bankruptcy watchdog. have argued that a profitable company such as J&J can’t benefit from bankruptcy protections meant for the struggling debtors.
The first time LTL attempted to settle the bankruptcy cases was rejected after the same arguments, when a U.S. appeals court decided it was not LTL wasn’t in “financial distress” and thus not eligible of bankruptcy protection. Gold bond class action lawsuit. LTL declared bankruptcy a second time just over two hours after that dismissal, arguing that the second bankruptcy was different as it had less money available and had more support for the possibility of settling.

New Mexico and Mississippi said in their motion to dismiss LTL’s latest bankruptcy violation of the law enforcement powers of the state in attempting to unilaterally limit the liability of the company in state consumer protection measures.

Gold Bond Class Action Lawsuit

LTL’s new filings also included more details on how the company plans to evaluate and settle cancer claims should the bankruptcy plan be approved.

The maximum amount under the settlement will be $500,000 for patients diagnosed with mesothelioma that is terminal before the age of 45, and $260,000 for people diagnosed with cancer of the ovary before age 45.

From there, the proposed settlement applies discounts depending on the nature and severity of cancer, the patient’s years of age, their history of the use of talc, and other aspects. Gold bond class action lawsuit. For instance the case of a woman who used the talc product on a regular basis, had an ancestral history of ovarian cancer and was diagnosed with the stage 2 ovarian cancer at age 55 may be eligible for a $21,125 payout under the settlement plan.

Judge decides J&J and talc opponents to discuss settlement negotiations.

After another round of hearings in Johnson & Johnson’s effort to implement a Texas Two-Step bankruptcy strategy to resolve talc litigation and federal bankruptcy judge Michael Kaplan has ordered the company as well as those who oppose the move to conduct settlement talks, Bloomberg reports.

The second time it attempted to file for bankruptcy for LTL management, a subsidiary founded by J&J to handle the claims company proposed a settlement of $8.9 billion. Gold bond class action lawsuit. While one firm representing plaintiffs support the deal, another group opposes the deal.

The previous week, the opposition group, which is known as the Official Committee of Talc Claimants requested the bankruptcy court to dismiss the case by asserting that LTL is not a factor in financial distress.

“The filing is a desperate and legally ineffective attempt by a handful of law firms to stop claimants from deciding on the resolution, which the vast majority of claimants approve of,” J&J’s litigation chief Erik Haas, said in an announcement. Gold bond class action lawsuit. “The law firms involved in the filing are pursuing financial interests which do not align with, diverge from and contravene those of their clients. We’ll submit an answer an appeal to the appellate court.”

Gold bond class action lawsuit. Clay Thompson, a lawyer for MRHFM which boasts more than mesothelioma patients who have sued J&J for bankruptcy, told J&J’s second bankruptcy effort is likely to fail.

“J&J issue press releases about how great its plan is, while insisting that the plan’s details, including what individual sick people would actually receive,” Thompson said in an email. “What does the company have to hide?”

Kaplan has instructed the sides to devise a second reorganization plan, under the oversight and supervision of mediators.

In February 2022, Kaplan acknowledged J&J’s recourse to Chapter 11 to hasten a settlement that would relieve J&J from the thousands of lawsuits regarding its talcum products.

But in January of this year a federal appeals court ruled against the verdict, ruling that the company was not able to be considered in “financial distress.”

When J&J’s attempt to appeal to the U.S. Supreme Court was turned down at the end of April J&J declared bankruptcy roughly two hours after. In response to that move, Kaplan froze the lawsuits for 60 days, allowing the company to decide whether to grant another bankruptcy.

J&J’s unstoppable profit engine sputters after $6.9B talc litigation charge.

In the 2 Chapter 11 attempts, J&J has purchased 19 months of which cases were placed on hold. Gold bond class action lawsuit. The company is requesting that claimants take a vote to accept their settlement. J&J needs 75% approval for the deal to go through.

In addition to the team of talc lawyers who panned the bankruptcy of the company in the U.S. Trustee, the U.S. Trustee which is a division that is part of the U.S. Department of Justice, also filed an appeal to dismiss LTL’s bankruptcy second case.

In a recent filing, U.S. Trustee Andrew R. Vara wrote that the the bankruptcy court are “open to honest, but naive debtors.” Those doors “are not accessible to those that don’t have a legitimate bankruptcy reason or want to use bankruptcy to delay or hinder their creditors.” Vara continued.

To its credit, J&J maintains there is no proof conclusive that their products containing talc, such as its popular baby powder cause cancer. J&J has adopted the products from the market and will first launch them to be available in North America in 2020–and the rest of the world later this year.

J&J wants to avoid the costly business of going to court. It has prevailed in most of the cases that have been decided through trial, though certain losses have been extremely harsh.
A high-profile trial in Missouri resulted in a $4.7 billion verdict against the drug company but 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 talc trials that are either on appeal or have been decided. Out of 41 trials 32 have ended in a win by J&J, a mistrial or plaintiff verdicts that were overturned in appeal. Gold bond class action lawsuit. Additionally, the company in 2020 moved to settle nearly 1,000 cases for the sum of $100 million. Bloomberg published at the time.

Talcum Baby Powder Ovarian Cancer Lawsuit – Gold Bond Class Action Lawsuit

Our lawyers are handling the baby powder litigation in all 50 states. The lawsuits involving talcum powder against Johnson & Johnson have been ongoing for many years. Gold bond class action lawsuit. The lawsuits contend that the prolonged use of the powder (or “talc”), the active ingredient found in products such as the Baby Powder or Shower to Shower, can cause cancer of the ovary in certain women.

This page offers the J&J Talc Power litigation update and explains how the forthcoming bankruptcy ruling affects the final settlement amounts of these ovarian cancer lawsuits.

Has the deadline passed for you to make a claim for talcum powder? Many who assume the statute of limitations has run out to file a lawsuit against Johnson & Johnson are wrong. Call us now at 800-553-2082 or get a no-cost, quick case review online.

Johnson and Johnson Talcum Powder Lawsuit Update 2023 – Gold Bond Class Action Lawsuit

June 2 2023 Update: At the asbestos talc case that took place in California yesterday, a few technical issues halted the opening statements made by defense lawyers. Gold bond class action lawsuit. Jurors watching from their homes via Zoom however, heard Johnson &Johnson’s lawyer express doubt about the 70s research claiming asbestos was present in their product before the proceedings abruptly ended.

The plaintiff could present its first expert witness Arthur Langer. Langer stated that the presence of other minerals with talc is expected. He claimed that his group informed J&J in 1971 about the presence of chrysotile asbestos the company’s talc, albeit at lesser than 0.1 percent. He also uncovered more asbestos in 1976.

June 1, 2023 Update: Gold bond class action lawsuit. This is the first court trial that has taken place since J&J decided to spin off its talc section and declaring bankruptcy marks a pivotal moment for the ongoing lawsuit story. Trial began yesterday in the tragic case of a young 24-year-old plaintiff, diagnosed with an aggressive and rare form of mesothelioma last year. an illness that lawyers on both sides of the argument agree is a tragedy of a different kind.

Opening statements laid bare distinct differences between each side’s narrative. The attorney representing the plaintiff aimed his ire on Johnson & Johnson, alleging the use of deceitful tactics in research practices and throughout the litigation process. In the words of attorney Johnson & Johnson attempted to alter the definition of asbestos, despite internal documents dating back to 1998 and 1994 that show fibers discovered in the plaintiff’s tissue are included.

Johnson &J’s highly uncertain $8.9 billion settlement deal hangs in the balance as we course of this trial. Despite the distinctive nature of this mesothelioma lawsuit and the unique issues it faces compared to most talcum powder lawsuits, a verdict favoring the plaintiff could cause the company with a major setback in its hopes of broad acceptance of their proposed settlement among plaintiffs.

May 31st 2023 Update: Johnson & Johnson’s bankrupt talc unit is defending the second Chapter 11 filing in the face of challenges from injured talc claimants. In an objection submitted to the New Jersey bankruptcy court, the company argued that the filing differed fundamentally from the earlier filing. It highlighted the extraordinary commitment of $8.9 billion by J&J, the largest settlement ever in the history of a mass tort bankruptcy. Gold bond class action lawsuit. Not mentioned: how the amount of the settlement signifies that it’s an equitable settlement. J&J also claimed that it received support from various plaintiffs’ law firms representing over 600,00 claimants. This is difficult to verify but likely incorrect.

May 24 2023 Update: In the wake of Johnson & Johnson’s 2021 bankruptcy filing, the first trial concerning its cosmetic talc items allegedly with asbestos content is scheduled to commence jury selection on Monday in California at Alameda County Superior Court, an historically reliable jurisdiction for plaintiffs. The plaintiff claims his mesothelioma resulted from asbestos exposure through J&J’s products, an allegation that the company denies. The trial also includes six retailers accused of selling talc products.

May 22nd, 2023 Update Lawyers involved in the second J&J Talc bankruptcy are currently disputing who should be appointed to the post of future claims representative, an important role critical to resolving claim for talc. Gold bond class action lawsuit. Randi Ellis, a lawyer who frequently appears in MDLs all over the nation, was appointed as the claims representative in the previous bankruptcy. J&J’s defense attorneys want Ellis to be appointed in that position yet again, but the lawyers for the plaintiffs in talc are arguing to the claim that Ellis has a conflict of interest which would prohibit her from holding that position again. The conflict stems from the reality that Ellis was apparently involved in the creation of the hotly disputable second bankruptcy, which raises doubts about her capability to remain neutral. In reality, this bankruptcy could be dismissed in the end.

May 17, 2023 Update The fake company J&J created to handle the bankruptcy of talc informed a New Jersey bankruptcy court that they have designated $400 million to pay the claims of states that accuse the company of misleading advertising regarding its talc products. Gold bond class action lawsuit. This amounts to an $8.5 billion settlement for cancer patients. It is hard to imagine an eventuality where J&J can get the settlements of baby powder through with these numbers. While J&J’s $8.5 billion offer sounds like a large sum initially, it may not look good when you do the math. The settlement plan based on our rough calculations – would not offer victims anything more than an average settlement $100,000 per case. That is not enough.

May 15th 2023 update: J&J is potentially facing a suit from an advocacy group representing cancer victims. Gold bond class action lawsuit. The group claims J&J intentionally canceled an $61.5 billion fund-raising agreement together with its parent company, LTL Management LLC, to simulate financial distress and validate the unit’s Chapter 11 bankruptcy filing. The group asserts this action is equivalent to a fraudulent transfer of victims’ compensation rights. They will investigate J&J’s actions following of the denial of the LTL’s bankruptcy case in its first instance.

May 10 2023 Update: During the next week in the U.S. Bankruptcy Court in New Jersey will hear oral arguments on a motion to dismiss the second bankruptcy petition filed of J&J company LTL Management. In the meantime, however the bankruptcy has issued an Order requiring both sides to participate in a new settlement mediation with the hopes of achieving a global settlement deal can come to fruition.

May 5 2023: Update on Talc provider Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to many lawsuits claiming that its talc products cause cancer from asbestos exposure. Gold bond class action lawsuit. Over 2,700 individuals have sued the firm and the company was spending $1 million a month to defend itself. The company’s recent $29 million settlement on the state of South Carolina forced it to seek bankruptcy protection, arguing for an equitable distribution of assets to talc claimants, rather than being taken through the receiver. Other talc suppliers have also declared bankruptcy because of legal proceedings.

May 4, 2023 Update: U.S. Bankruptcy Judge Michael Kaplan has directed Johnson & Johnson to resume settlement discussions with lawyers who have rejected the company’s $8.9 billion agreement. At Trenton, New Jersey yesterday the parties appeared before a judge to discuss next steps for another bankruptcy proceeding and Judge Kaplan has pushed for further settlement talks.

This is the way to settle these claims with J&J. A baby powder settlement can be made. Gold bond class action lawsuit. But it’ll need more money – more billions of dollars by Johnson & Johnson.

Lawyers have a split opinion on whether to accept the proposal and not all clients see this issue the same way their lawyer views it. The second bankruptcy case is bound to fail, the judge Kaplan has scheduled a hearing in June to determine whether to discharge the bankruptcy for the 2nd time.

May 3, 2023 Update The group of cancer patients who have sued Johnson & Johnson (J&J) demanded an order from the Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it attempts to block the litigation surrounding talc-based products. The group of talc claimants made a motion Tuesday asking to the Third Circuit to consider their case and then send it back before a court of lower jurisdiction, with instructions to dismiss the bankruptcy. Gold bond class action lawsuit. They also asked that the lawsuit against the halted torts of J&J allow the litigation to proceed.
LTL filed for Chapter 11 protection once again after its first bankruptcy filing was denied in the Third Circuit earlier this year, offering an $8.9 billion agreement. The committee argues that the recent ruling, which allows LTL’s second Chapter 11 to continue, as well as halting the trials against J&J is a reason for the immediate Third Circuit review. The US Trustee has also requested be the New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s global vice-president of litigation Erik Haas, was quoted by Bloomberg saying that J&J intends to file a reply in the appeals court calling the request an “desperate and legally deficient effort” by a few of law firms who have conflicts of financial interests.
May 1, 2023 Update: One common question that people ask is how could plaintiffs and their lawyers turn around $8.9 billion. Of course, that is a lot of money. But there are a lot of victims. Gold bond class action lawsuit. These are actually a good arguments for plaintiffs. We were reminded of this last week by two talc-related trials that ended in large verdicts for the plaintiffs. In February mesothelioma, a talcum-based powder trial in Oregon led to the verdict in the amount of $18.1 million. The following month, a second mesothelioma talc case was brought to the court at South Carolina and resulted in the verdict of $29 million to the plaintiff. In both instances, the defendant was Whittaker, Clark & Daniels Inc. One of the leading producers of talc in the U.S.
April 30th 2023 Update: When J&J first tried to bring the talcum powder litigation into bankruptcy, they came with the option of putting aside $2 billion for settlements. The sum was ridiculously low. All of the talc plaintiffs were in favor of the proposal. However, this time, J&J has increased the offer to $8.9 in the event that the talc victims agree to a bankruptcy settlement and they have the backing of a significant portion of the talc plaintiffs as well as their lawyers. Gold bond class action lawsuit. But 75% of the plaintiffs who are a talc, which is required for bankruptcy plan approval It’s a long and difficult process because of the number of lawyers who have huge stocks of baby powder-related lawsuits, opposed against the proposed settlement.

What could solve the impasse? More billions.
April 25, 2023, Update Talc plaintiffs have demanded a judge reject their Chapter 11 case filed by LTL Management LLC, a absurdly-made-up Johnson & Johnson subsidiary, insisting that the company is not financially strained. LTL filed for Chapter 11 to settle tens of thousands of claims that J&J’s baby powders caused cancer. Gold bond class action lawsuit. The 3rd Circuit dismissed its first Chapter 11 case in January The court ruled that the company was not eligible for bankruptcy relief as it had not demonstrated financial distress.

The claimants assert that the second Chapter 11 case is an fraud on the bankruptcy system and it’s being pursued in bad faith. J&J claims the bankruptcy settlement has “significant support” from firms representing approximately 60,000 claimants. It is fair to say plaintiffs’ lawyers and victims are divided over their disagreement over the $8.9 billion offer for settlement.

April 21st, 2023 Update A bankruptcy judge decided that Johnson & Johnson must face new lawsuits alleging that it offered a baby powder with a contaminant that caused cancer. While trials in Talc lawsuits are suspended for a minimum period of 60 days, new lawsuits can be filed and lawyers can begin preparing their cases. Gold bond class action lawsuit. The judge expressed his doubts about J&J’s pathetic attempt to revive its plan with another bankruptcy case.

April 13 2023 update: the big news is the $8.9 billion over the next 25 years of settlement. Lawyers representing cancer patients who are part of MDL class action MDL collective action vowed to challenge the settlement Talc claimants. Why? They think it is too little money for the more than 70,000 cancer victims. Gold bond class action lawsuit. These lawyers argue that J&J should negotiate a larger settlement or litigate individual claims if the latest bankruptcy is dismissed.

But there is another set of lawyers who are not part of the top leadership in group action. They have amassed hundreds of thousands of cases. The group is seeking to settle for what is believed to be far less than what these victims deserve. Their argument appears to be twofold. First, they argue the settlement, which is about the equivalent of $100,000 per plaintiff is fair.

This is an argument that is difficult to present. But their second argument has more force: victims should not afford to wait any longer and need their money now.

April 12, 2023 Update: People are seeking out how J&J can file for bankruptcy once more. The answer is complicated and confusing. Let’s try to simplify it simply.
Johnson & Johnson asserts that bankruptcy is the only way to deal with both present and future talc litigations in a definitive manner. It believes that it will be less expensive if there is a bankruptcy element that creates pressure to settle. Gold bond class action lawsuit. Going back to 400 years of American time, the business believes that bankruptcy is beneficial to everyone by dispersing settlement payments more equitably and effectively than trial courts, where litigants are awarded significant payouts, while others are left with nothing.

The gist in this 3rd Circuit decision was this is not a matter of an enterprise that is profitable, forming a subsidiary to take the legal responsibility and declare bankruptcy, which is what Congress thought of when drafting its Bankruptcy Code. However, it also stated that the subsidiary was not financially distress because J&J promised unlimited funding.
So J&J took advantage of the funding unlimited part of the agreement but did not pledge that it would provide unlimited funds for lawsuits. The company claims that updated financing arrangements with its subsidiary will address appeals court’s concerns while still supplying funds for claim payments. As if offering victims lesser money could solve the overarching problem.

Attorneys representing cancer victims who oppose the deal counter this argument by saying that it is a defense against legal nonsense by pointing out legal absurdity: J&J fraudulently transferred $50 billion of assets from LTL Management to circumvent the appeals court’s decision. The hyperbole wasn’t spared attorneys representing the victims claim this the biggest “fraudulent move that has occurred in United States history.”

Notwithstanding the legal mumbo jumbo, J&J does not really think this bankruptcy will survive. But it is a way of trying to push this $8.9 billion settlement to keep the pressure on plaintiffs.

April 10, 2023 Update Bloomberg has an interesting article about a new law in New Jersey that is shedding new light on litigation funding in the baby powder suit for class actions. Funders for litigation Virage Capital Management and TRGP Capital invested in hundreds of claims in the case of Johnson & Johnson (J&J) concerning talc products in exchange for a percentage of any wins. J&J has now offered the payment of $8.9 billion to settle all lawsuits.

The funders’ involvement is publicly available because of an New Jersey court rule requiring the disclosure of certain information regarding outside funding backers. The rule aims to tackle the growing demands for regulation of the litigation funders. J&J has to deal with more than 60,000 lawsuits when you include federal and state infant powder litigation. Third-party funding of mass tort cases has its pros and cons. There is no doubt that we are witnessing how third-party financing can help level the playing field between people and big companies in court.

April 4 2023 Update: It is enjoyable to see the worm turning in this litigation. J&J suffered another setback this week when an appeals court in the Third Circuit denied J&J’s request to extend the automatic stay while J&J appeals a bankruptcy decision at the U.S. Supreme Court. The automatic stay has froze hundreds of cases involving talcum powder and prevented the filing of new lawsuits ever since J&J launched the controversial attempt to spin the talc debts off into a bankrupt subsidiary over one year ago. Gold bond class action lawsuit. After it was decided that the 3rd Circuit ruled that this bankruptcy was invalid some months ago, the stay was lifted. J&J had hoped to have it stayed in place until hearing the SCOTUS appeal. But the answer was no.
April 1, 2023 Update: Johnson & Johnson announced it will appeal its 3rd Circuit bankruptcy loss to the U.S. Supreme Court last week. The chance of the Supreme Court is willing even to take up the appeal? Low.
March 16 2023 Update: with the bankruptcy stay having been officially lifted, the first new cases have been filed and transferred into the class action involving talcum powder MDL in over one year. Seven new talc lawsuits were brought into the MDL in the last month which brings the total number of pending cases up to 37,522.

February 25 2023 Update This morning, a Congressmen from Tennessee is now calling for The U.S. Government Accountability Office (GAO) start an investigation into how much J&J Talc products have cost the government in the years.
In a recent letter addressed to the GAO, Rep. Steven Cohen (D-Ten.) has accused J&J of failing to recognize the dangers of its talc products for years while tax dollars were spent on treating people who suffered injuries from exposure to the products. The suit comes just a few days following J&J’s dramatic loss in the 3rd Circuit Court of Appeals.

Gold bond class action lawsuit. J&J has to begin making reasonable settlement proposals for victims in order in putting this behind. This is a disgrace to one of the world’s greatest businesses.

February 14 2023 Update: At an appearance today in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention to follow the third U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.

You May be Entitled to Significant Compensation Gold bond class action lawsuit. 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!

>>> Gold Bond Class Action Lawsuit