You May be Entitled to Significant Compensation Latest news on talcum powder 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 will be worth $440 million US state AGs. Latest News On Talcum Powder Lawsuit .
Johnson & Johnson (JNJ.N) has set aside $400 million to address U.S. state consumer protection actions as part of its larger $8.9 billion plan to settle allegations that it’s Baby Powder and other talc product causes cancer. Latest news on talcum powder lawsuit.
J&J affiliate LTL Management filed a bankruptcy plan in New Jersey late on Monday which outlines how the company intends to pay for different types of cancer victims as part of an arrangement for bankruptcy. Latest news on talcum powder lawsuit. J&J has stated that its talc products are safe and will not cause cancer. J&J is seeking an additional time to conclude more than 38,000 cases in bankruptcy and prevent new cases from being filed in the future.
The bankruptcy plan of LTL would pay $400 million into an additional trust to settle claims brought from state attorney generals alleging that J&J was in violation of laws against unfair business practices in the State of New York and consumer protection laws, by deceiving consumers regarding the safety of its talc products.
Several states had begun consumer protection measures against J&J prior to the first bankruptcy filing prevented these investigations from moving forward in 2021. Latest news on talcum powder lawsuit. New Mexico and Mississippi had already brought actions for damages against Johnson & Johnson before then, and the states of Arizona, Maryland, North Carolina, Texas and Washington had issued civil investigative subpoenas or demands, according to LTL’s court filings.
New Mexico and Mississippi have taken steps to halt the bankruptcy of LTL along with cancer sufferers as well as their counterparts from the U.S. Justice Department’s bankruptcy watchdog, who argue that a profit-making business like J&J cannot benefit from bankruptcy protections meant for struggling debtors.
The first attempt by LTL to resolve the bankruptcy lawsuits was dismissed following similar arguments. In the end, a U.S. appeals court decided it was not LTL had not been in “financial financial distress” and therefore not eligible to receive bankruptcy relief. Latest news on talcum powder lawsuit. LTL had filed for bankruptcy again in just two hours following the dismissal, arguing the second bankruptcy was different because it had less money and had a greater chance of securing the possibility of settling.
New Mexico and Mississippi said in their motion for dismissal that LTL’s bankruptcy renewal violates state law enforcement authorities in attempting to unilaterally limit the liability of the company for state consumer protection actions.
Latest News On Talcum Powder Lawsuit
LTL’s new filings also included more details on how the company plans to evaluate and settle cancer claims in the event that the bankruptcy plan is approved.
The most significant payments under the settlement would be $500,000 for people diagnosed with terminal mesothelioma before age 45. Latest news on talcum powder lawsuit. The second payment would be $260,000 for those who have been diagnosed with terminal ovarian cancer before age 45.
From there, the proposed settlement provides discounts based on the nature and severity of cancer, an individual’s age, previous the use of talc, and other aspects. Latest news on talcum powder lawsuit. For example someone who regularly used the talc product on a regular basis, had an ancestral history of ovarian cancer, and was diagnosed with stage II ovarian cancer at age 55 may qualify for a $21,125 payout according to the plan.
Judge orders J&J and talc opponents take part in settlement talks.
Following another hearing in Johnson and Johnson’s efforts to implement a Texas Two-Step bankruptcy strategy for talc litigation, federal bankruptcy Judge Michael Kaplan has ordered the firm and the people who opposed the move to conduct negotiations to settle the matter, Bloomberg reports.
With its second bankruptcy attempt for LTL Management, a subsidiary created by J&J to manage the claims company offered a settlement of $8.9 billion. Latest news on talcum powder lawsuit. While a group of law firms representing plaintiffs agree with the settlement, a different group opposes the move.
Earlier this week, the opposition group, dubbed”the Official Committee of Talc Claimants in the bankruptcy court, demanded to disqualify the petition asserting that LTL is not considered to be in financial distress.
“The filing is an unjust and legally flawed attempt by a small number of law firms to try to block claimants from voting on the resolution plan, a plan that the vast majority of claimants support,” J&J’s litigation chief Erik Haas, said in an announcement. Latest news on talcum powder lawsuit. “The law firms who filed this filing have financial interests that do not align with, differ from and oppose the interests they represent. We’ll submit a response before the court of appeals.”
Latest news on talcum powder lawsuit. Clay Thompson, a lawyer for MRHFM, which includes more than mesothelioma victims who have filed lawsuits against J&J and J&J, has said that J&J’s second bankruptcy attempt will fail.
“J&J issue press releases about how great its plans are, but is demanding that plan details–including what the individual sick individuals would be treated to,” Thompson said in the statement. “What do they have to conceal?”
Kaplan has instructed the sides to develop a new arrangement plan under the oversight from two mediators.
As of February 2022 Kaplan acknowledged J&J’s recourse to Chapter 11 to hasten a settlement that would relieve J&J from the tens of thousands of claims over its talcum products.
In January of this year, an appeals court of the federal government overturned the decision, ruling that the company could not be considered in “financial distress.”
In the event that J&J’s request to appeal to the U.S. Supreme Court was rejected at the end of April J&J filed for its second bankruptcy just two hours later. In response to that move, Kaplan froze the lawsuits for 60 days in order to determine whether or not to accept to file for bankruptcy again.
J&J’s unstoppable profit engine sputters after $6.9B cost of litigation involving talc.
Through 2 Chapter 11 attempts, J&J has purchased 19 months of which cases were placed held. Latest news on talcum powder lawsuit. The company is requesting that claimants decide whether they want to accept the settlement. J&J will require 75% acceptance for the deal to go through.
In addition to the gang of talc lawyers who criticised the bankruptcy of the company in the U.S. Trustee, the U.S. Trustee, a branch from the U.S. Department of Justice, also filed a motion to dismiss LTL’s second bankruptcy.
In a letter filed this week, U.S. trustee Andrew R. Vara wrote that the the bankruptcy court remain “open to honest but unfortunate debtors.” Those doors “are not available to anyone who do not have a legitimate bankruptcy reason or want to take advantage of the bankruptcy process to delay or hinder their creditors,” Vara continued.
On the other hand, J&J maintains there is no proof conclusive that their products containing talc, such as its iconic baby powder, cause cancer. J&J has adopted the products of the market first for North America in 2020–and the rest of the world later this year.
J&J seeks to avoid the cost of going to court. It has prevailed in most of the cases that have been resolved in court, however some losses have been very punitive.
A well-known trial in Missouri ended in a $4.7 billion judgment against the drug manufacturer but was later reduced to $2.1 billion following appeals.
Johnson & Johnson faces high-stakes hearing over ‘Texas Two Step’ talc strategy: report
Overall, J&J has lost nine cases involving talc, which are on appeal or have been resolved. In 41 trials 32 ended with an outcome for J&J or a mistrial, or verdict for a plaintiff that was reversed after appeal. Latest news on talcum powder lawsuit. Separately, the company in 2020 moved to settle nearly 1000 cases for the sum of $100 million. Bloomberg published at the time.
Talcum Baby Powder Ovarian Cancer Lawsuit – Latest News On Talcum Powder Lawsuit
Our lawyers are handling baby powder lawsuits across every state. The talcum powder lawsuits against Johnson & Johnson have been going on for a long time. Latest news on talcum powder lawsuit. The lawsuits contend that the prolonged use of the powder (or “talc”), the active ingredient in products such as baby Powder and Shower to Shower which can cause cancer of the ovary in certain women.
This article provides the J&J Talc Power Update and examines how the coming bankruptcy ruling will impact the final settlement amount in the cases of ovarian cancer.
Have you reached the deadline by which you to bring a talcum lawsuit? Many people who think the time limit has expired to sue 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 – Latest News On Talcum Powder Lawsuit
June 2 2023 Update: At an asbestos talc court trial held at the trial in California yesterday, a few technical issues halted the opening statement by the defense attorneys. Latest news on talcum powder lawsuit. The jurors, attending from their homes via Zoom but did not hear Johnson & Johnson’s lawyer voice his doubt about the 70s research that claimed asbestos was present in their product prior to the opening was abruptly ended.
Meanwhile, the plaintiff could present an initial witness Arthur Langer. Langer said that the presence of additional minerals along with talc is inevitable. He testified that his team had notified J&J in 1971 of the presence of chrysotile asbestos in the company’s talc, albeit with lesser than 0.1 percent. He also discovered more asbestos in the year 1976.
June 1st, 2023 Update Latest news on talcum powder lawsuit. First trial after J&J has decided to separate its talc division and declare bankruptcy is an important moment for the ongoing litigation controversy. The trial began on Tuesday in the heartbreaking trial of a young plaintiff who was diagnosed with a rare and aggressive type of mesothelioma last year, which both sides agree is a tragedy of a different kind.
Opening statements laid bare sharp differences in the two sides’ narrative. The attorney for the plaintiff took aim against Johnson & Johnson, alleging the use of misleading tactics in research practices and throughout the litigation process. The attorney claims that, according to, Johnson & Johnson tried to alter the definition of asbestos, despite internal documents from 1998 and 1994 that show asbestos fibers found in plaintiff’s tissue are included.
Johnson &J’s tangled $8.9 billion settlement is hanging in the balance with the development of the trial. Despite the distinct nature of the mesothelioma trial and its distinct issues compared to other talcum powder lawsuits ruling in favor of the plaintiff could be an enormous setback for J&J’s hopes of broad acceptance of the settlement they have proposed among plaintiffs.
May 31st 2023: Update from Johnson and Johnson’s bankrupt talc division strongly defended its two-time Chapter 11 filing in the face of challenges from talc injury claimants. In a written objection to the New Jersey bankruptcy court, the company argued that the case was distinct from the previous filing. It emphasized the unprecedented commitment to $8.9 billion to J&J which is the largest settlement ever in any bankruptcy case that involves mass tort. Latest news on talcum powder lawsuit. There was no mention of how this amount signifies that it’s an equitable settlement. J&J also claimed that it received support from numerous plaintiffs’ law firms representing over the 60,000 plaintiffs. This is difficult to verify but likely incorrect.
May 24 2023 Update: As of Johnson & Johnson’s 2021 bankruptcy filing, the very first trial involving its cosmetic talc items allegedly that contain asbestos is scheduled to begin jury selection on Monday in California at Alameda County Superior Court, the most favored location for plaintiffs. The plaintiff claims that his mesothelioma was caused by asbestos exposure in J&J’s product and the company has denied. The trial also involves six retailers accused of selling talc products.
May 22nd, 2023 Update: Lawyers involved in the second J&J talc bankruptcy are now disputing who should be appointed to the position of the claims representative in the future, an important role essential in resolving the talc claims. Latest news on talcum powder lawsuit. Randi Ellis, a lawyer who regularly appears in MDLs throughout the country was appointed the claims representative during the first bankruptcy. J&J’s defense team wants Ellis to be appointed to this position and again, but attorneys for the talc plaintiffs are protesting due to the fact that Ellis has an interest conflict that would prevent her from taking on that role again. The issue stems from the issue that Ellis was involved in the creation of the hotly contesting second bankruptcy, which raises concerns about her capacity to be neutral. However, the reality is that this bankruptcy could be dismissed regardless.
May 17, 2023 Update: The pretend company J&J created for the talc litigation bankruptcy has informed an New Jersey bankruptcy court that they have set aside $400 million to pay the claims brought by states accusing the company of deceitful advertising for its talc products. Latest news on talcum powder lawsuit. So that makes it an $8.5 billion settlement to cancer victims. It’s hard to imagine any scenario in which J&J can get these baby powder settlements through in these figures. While J&J’s $8.5 billion offer may seem like a lot initially, it may not appear appealing after you calculate the figures. The settlement plan based on our estimates – will not offer victims anything more than a median settlement of $100,000 per case. That is not enough.
May 15th 2023 update: J&J could be facing lawsuit from an advocacy group representing cancer victims. Latest news on talcum powder lawsuit. The group contends that J&J intentionally withdrew an $61.5 billion contract for funding that it had with its company subsidiary LTL Management LLC, to simulate financial stress and verify the unit’s Chapter 11 bankruptcy filing. The group asserts this action is equivalent to a fraudulent transfer of victims’ compensation rights. They intend to investigate J&J’s actions following of the denial of the LTL’s bankruptcy case in its first instance.
May 10, 2023 Update: Next week, next week, the U.S. Bankruptcy Court in New Jersey will hear oral arguments on a motion to dismiss the second bankruptcy filing that was filed by J&J subsidiaries LTL Management. In the meantime, however LTL Management has filed an Order which requires both sides to participate in a settlement mediation in the hope that the global settlement can be come to fruition.
May 5th 2023 Update: Talc producer Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to many lawsuits claiming that its talc products caused cancer through asbestos exposure. Latest news on talcum powder lawsuit. Over 2,700 people have sued the company and it is spending $1 million a month for legal defense. The company’s recent $29 million settlement on the state of South Carolina forced it to pursue bankruptcy protection, and arguing for an equitable distribution of assets to talc claimants, rather than being seized in the hands of the receiver. Other suppliers of talc have filed for bankruptcy due to the litigation.
May 4 2023 Update U.S. bankruptcy judge Michael Kaplan has directed Johnson & Johnson to restart talks on settlement with lawyers who rejected Johnson & Johnson’s $8.9 billion offer for settlement. It was in Trenton, New Jersey yesterday, the parties gathered in court to discuss next steps for this second case of bankruptcy. Judge Kaplan has pushed for further settlement talks.
This is the solution to resolve these claims for J&J. A baby powder settlement could be achieved. Latest news on talcum powder lawsuit. But it will require more money – billions of dollars from Johnson & Johnson.
Lawyers are divided over whether or not to accept the plan and not all clients see the issue the same way their attorney does. A second bankruptcy proceeding is destined to fail and Judge Kaplan has scheduled a hearing for June to determine whether to close the case for the third time.
May 3 2023 Update The group of cancer victims suing Johnson & Johnson (J&J) demanded an order from they request that the Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it is a bid to stop the litigation involving talc products. The committee representing talc claimants made a motion Tuesday requesting for the Third Circuit to consider their appeal and return the case to a lower court, with instructions for dismissing the bankruptcy. Latest news on talcum powder lawsuit. The committee also requested that the stoppage of tort litigation against J&J be allowed to continue.
LTL requested Chapter 11 protection once again following its bankruptcy filing that was rejected in the Third Circuit earlier this year and offered the possibility of an $8.9 billion agreement. The committee believes that the recent decision allowing LTL’s third Chapter 11 to continue, while also halting trials against J&J should be subject to immediate Third Circuit review. The US Trustee has also requested it be requested that the New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s global vice-president of litigation, Erik Haas, was quoted by Bloomberg declaring that J&J intends to file a statement in the appeals court, calling the request an “desperate and legally insufficient plan” by a small number of law firms who have conflicts of financial interests.
May 1 2023 Update: One question people keep asking is how the plaintiffs’ lawyers and their clients turn down $8.9 billion. Of course, that is a lot of money. But there are plenty of victims. Latest news on talcum powder lawsuit. These are an excellent arguments for plaintiffs. We were reminded recently in two talc trials which resulted in big verdicts for the plaintiffs. In February mesothelioma, a talcum-based powder trial in Oregon led to a verdict in the amount of $18.1 million. In the same month, a different mesothelioma trial involving talc was held for trials in South Carolina and resulted in the verdict of $29 million for the plaintiff. It was the same defendant as in these cases: Whittaker, Clark & Daniels Inc. which is one of the most prominent producers of talc in the U.S.
April 30, 2023 Update: When J&J first attempted to drag the litigation over talcum powder into bankruptcy, it did so with an offer to set aside $2 billion to settle the case. It was a ridiculously small amount. None of the talc plaintiffs believed in it. This time around, however, J&J has increased the offer to $8.9 if the talc plaintiffs accept a bankruptcy settlement and they have the support of a substantial segment of the talc plaintiffs and their lawyers. Latest news on talcum powder lawsuit. However, 75% of plaintiffs in the talc category, which is needed for approval of the bankruptcy plan It’s a long and difficult process since there are so many lawyers with large stocks of baby powder lawsuits that are opposed in favor of the deal.
What are the solutions to the impasse? More billions.
April 25 2023 Update: Talc patients have demanded a judge disqualify the Chapter 11 case filed by LTL Management LLC, a absurdly made-up Johnson & Johnson subsidiary, declaring that the company isn’t financially troubled. LTL has filed for Chapter 11 to settle tens of thousands of claims that J&J’s baby powders caused cancer. Latest news on talcum powder lawsuit. It was the 3rd Circuit dismissed its first Chapter 11 case in January in a ruling that said LTL was not eligible to receive bankruptcy relief because it failed to show financial stress.
The claimants contend that the Second Chapter 11 case is an overreach of the bankruptcy system and the case is being handled in bad faith. J&J says the bankruptcy settlement receives “significant backing” from companies representing about 60,000 potential people who are claiming. It is fair to say plaintiffs’ lawyers and the victims are split over their disagreement over the $8.9 billion amount of settlement offered.
April 21st, 2023 Update A bankruptcy judge decided the company Johnson & Johnson must face new lawsuits alleging that the company sold tainted baby powder causing cancer. While trials in the talc lawsuits have been suspended for a minimum period of 60 days but new lawsuits can be filed, and lawyers will begin preparing their cases. Latest news on talcum powder lawsuit. The judge expressed his doubts about J&J’s ridiculous effort to revive its plan with a second bankruptcy case.
April 13th 2023 update: the major update is about the $8.9 billion over the course of 25 years offer for settlement. Lawyers representing cancer victims in the MDL collective action promised to fight the settlement alongside Talc claimants. Why? They argue that it’s not enough to pay for more than 70,000 cancer victims. Latest news on talcum powder lawsuit. These lawyers believe that J&J should negotiate a larger settlement or settle individual claims if the most recent bankruptcy is declared unconstitutional.
However, there is a second lawyer group that isn’t part of the leadership in that class action. These lawyers have amassed the equivalent of tens of thousands of lawsuits. This group wants to settle now in what many believe to be far less than what these victims deserve. Their argument is two-fold. They argue that the settlement – about 100,000 dollars per plaintiff – is fair.
It’s a difficult argument to present. The second argument is more substance: the victims will now not wait and they want their money today.
April 12 2023 Update: Some people are seeking out how J&J can go through bankruptcy once more. The answer is complex and convoluted. However, let’s attempt to explain it clearly.
Johnson & Johnson asserts that bankruptcy is the only option to deal with both present and future lawsuits involving talc conclusively. It believes that it will be less expensive should there be a bankruptcy element that creates pressure for a settlement. Latest news on talcum powder lawsuit. In a quest to cover hundreds of years of American past, the company argues that bankruptcy benefits all parties because it distributes settlement payments more evenly and efficiently than trial courts, in which some litigants receive substantial awards while others receive nothing.
The essence in this 3rd Circuit decision was this is not a case of a profitable company making a subsidiary to take the legal risk and declare bankruptcy – Congress had in mind when it came to drafting the Bankruptcy Code. However, the court also ruled the company was financially trouble due to the fact that J&J offered unlimited financing.
This is why J&J jumped on the funding unlimited part of the deal and didn’t promise to provide unlimited funding for lawsuits. The company claims that its new financing agreements with its subsidiary address the concerns of the appeals court while providing funds for claims. As if offering victims lesser money could solve the problem at hand.
Lawyers representing cancer patients who do not agree with the agreement counter this argument by saying that it is the legal argument. Latest news on talcum powder lawsuit. They counter with legal nonsense: J&J fraudulently transferred $50 billion of assets away from LTL Management to circumvent the appeals court’s ruling. Hyperbole did not go unnoticed the lawyers representing victims call it the largest “fraudulent transaction that has occurred in United States history.”
Despite the legal jargon, J&J does not really think that the bankruptcy will endure. It is however a method to try and push the $8.9 billion settlement to keep pressure on plaintiffs.
April 10, 2023 update: Bloomberg provides an insightful article about a new law of New Jersey that is shedding new light on litigation funding in the baby powder class action lawsuit. The funders who fund litigation Virage Capital Management and TRGP Capital invested in hundreds of lawsuits that were brought against Johnson & Johnson (J&J) concerning talc products in exchange for a percentage of any winnings. J&J is now willing that it will pay $8.9 billion to settle lawsuits.
The involvement of the funders is public information because of an New Jersey court rule requiring the disclosure of certain information about outside funding backers. This rule is intended to address the growing calls for regulation of the litigation funders. J&J has more than 60,000 claims when you combine state and federal baby powder lawsuits. Third-party funding of mass tort cases is not without its pros and cons. But there is no question that we are witnessing how third-party funding can level the playing field for individuals and big companies in court.
April 4, 2023 Update: It’s fun to watch the worm turn in this litigation. J&J was hit again this week, when it was found that the Third Circuit denied J&J’s request to keep the automatic stay in place in the meantime that J&J appeals a bankruptcy decision in the U.S. Supreme Court. Automatic stays have halted thousands of talcum powder cases and stopped new lawsuits from arising ever since J&J began the controversial plan to spin the talc liability into a bankrupt subsidiary more than a year earlier. Latest news on talcum powder lawsuit. After it was decided that the 3rd Circuit ruled that this bankruptcy was insufficient only a few months back, the stay was lifted. J&J had hoped to have it stayed in place until 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 odds that of the Supreme Court is willing even to take up the appeal? Low.
March 16, 2023 Update: with the bankruptcy stay having been in effect, the first new cases have been filed and transferred into the talcum powder class action MDL in just over a year. Seven new talc lawsuits were added to the MDL over the last month, bringing the total number of pending cases up to 37,522.
February 25, 2023 Update 2023 Update: A Congressmen from Tennessee is now requesting that be the U.S. Government Accountability Office (GAO) launch an investigation into how much 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.) claimed that J&J of failing to recognize the dangers of its talc products for years while tax dollars were utilized to treat people injured by exposure to the chemicals. The demand comes just weeks after J&J’s major loss in the 3rd Circuit Court of Appeals.
Latest news on talcum powder lawsuit. J&J should begin to make reasonable settlement proposals to victims, in order in putting this behind. This is a disgrace to one of the greatest firms.
February 14 2023 Update: During a hearing today at the hearing in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention following the ruling of 3rd U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.
You May be Entitled to Significant Compensation Latest news on talcum powder 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!