You May be Entitled to Significant Compensation Talc powder cancer reddit. 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 provide the sum of $400 million US state AGs. Talc Powder Cancer Reddit .
Johnson & Johnson (JNJ.N) has set aside $400 million to resolve U.S. state consumer protection actions as part of a broad $8.9 billion effort to settle claims that its Baby Powder as well as other talc products cause cancer. Talc powder cancer reddit.
J&J company subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday that details how the company intends to pay different types of cancer sufferers in a bankruptcy settlement. Talc powder cancer reddit. J&J has said that its Talc products are safe, and won’t cause cancer. It is attempting for another time to settle more than 38,000 lawsuits in bankruptcy, and to prevent any new cases from coming forward in the future.
LTL’s bankruptcy plans would deposit $400 million to an additional trust to settle claims made from state attorney generals claiming that J&J had violated laws against unfair business practices in the State of New York as well as consumer protection laws through misleading consumers about the security of its talc-based products.
Many states had initiated consumer protection lawsuits against J&J prior to the first bankruptcy filing stopped those investigations from taking place in 2021. Talc powder cancer reddit. New Mexico and Mississippi had already brought lawsuits against Johnson & Johnson before then and states like Arizona, Maryland, North Carolina, Texas and Washington had issued civil investigative subpoenas or demands, according to LTL’s court documents.
New Mexico and Mississippi have decided to declare LTL’s bankruptcy unfinished along with cancer sufferers as well as the U.S. Justice Department’s watchdog on bankruptcy, who argue that a profit-making company like J&J cannot benefit from bankruptcy protections aimed at people with debt problems.
LTL’s first attempt at resolving the bankruptcy cases was dismissed following similar arguments. The U.S. appellate court decided it was not LTL did not have “financial trouble” and ineligible to receive bankruptcy relief. Talc powder cancer reddit. LTL had filed for bankruptcy again within two hours of the dismissal, arguing the second bankruptcy was different in that it was able to borrow less and had a greater chance of securing an agreement.
New Mexico and Mississippi said in their motion to dismiss that LTL’s renewed bankruptcy violates state law enforcement authorities by seeking to unilaterally limit the liability of the company for state consumer protection measures.
Talc Powder Cancer Reddit
The filings of LTL’s latest bankruptcy proceedings also include more information on how the company plans to evaluate and pay for cancer claims if the bankruptcy plan is approved.
The maximum amount under the settlement would be $500,000 for people diagnosed with mesothelioma terminal prior to age 45 and $260,000 for those who have been diagnosed with terminal ovarian cancer before age 45.
From there, the proposed settlement will offer discounts based on the severity and type of cancer, the patient’s age, history of using talc and other factors. Talc powder cancer reddit. For example the case of a woman who used talc products weekly, had the family history of ovarian cancer and was diagnosed the stage 2 ovarian cancer at age 55 may qualify for a $21,125 payout according to the plan.
Judge ordains J&J and talc opponents engage in settlement talks.
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 and those opposed to the plan to hold settlement talks, Bloomberg reports.
With its second bankruptcy bid for LTL management, a subsidiary founded by J&J to hold the claims–the company proposed a settlement of $8.9 billion. Talc powder cancer reddit. While a group of law firms representing plaintiffs agree with the proposal, another group opposes the deal.
Earlier this week, the opposition group, which is known as”the Official Committee of Talc Claimants in the bankruptcy court, demanded to dismiss the case by saying that LTL is not a factor in financial hardship.
“The filing is an unjust and legally flawed attempt by a handful of law firms to try to block claimants from voting on the resolution plan, a plan the vast and growing majority of claimants favor,” J&J’s litigation chief Erik Haas, said in an announcement. Talc powder cancer reddit. “The law firms that are behind their filing are financially oriented and have conflicts that conflict with, differ from and infringe on the rights which their clientele. We’ll submit an answer in the appeals court.”
Talc powder cancer reddit. Clay Thompson, a lawyer for MRHFM that has more than 80 mesothelioma clients who have sued J&J, said that the company’s second bankruptcy try is likely to fail.
“J&J sends out press releases that boast about how amazing the plan is but simultaneously insisting that the details of its plan–including the treatment each sick person will be treated to,” Thompson said in the statement. “What do J&J have to conceal?”
Kaplan has commanded the parties to devise a second restructuring plan, with the oversight of two mediators.
On February 20, 2022 Kaplan affirmed the ability of J&J’s use of Chapter 11 to hasten a settlement that would release J&J from the tens of thousands of claims related to its talcum-based products.
But in the month of January, an appeals court in the United States overturned the decision, ruling that the firm could not be considered in “financial trouble.”
In the event that J&J’s request to make an appeal before the U.S. Supreme Court was rejected on April 1, J&J declared bankruptcy about two hours after. In response, Kaplan froze the lawsuits for 60 days, allowing the company to decide whether or not to approve another bankruptcy.
J&J’s unstoppable profit machine sputters after $6.9B talc litigation charge.
With two Chapter 11 attempts, J&J has been able to buy 19 months in which the cases were in limbo. Talc powder cancer reddit. The company is requesting that claimants take a vote to accept their settlement. J&J will require 75% of the vote for the deal to pass.
Alongside the group of talc lawyers who criticised the company’s bankruptcy play as well, the U.S. Trustee, an arm of the U.S. Department of Justice, also filed motions to dismiss LTL’s second bankruptcy.
In a filing this week, U.S. Trustee Andrew R. Vara wrote that the bankruptcy courts are “open to honest, but naive debtors.” These doors “are not available to anyone that lack a legitimate bankruptcy purpose or that seek to use bankruptcy to hinder or delay their creditors.” Vara continued.
To its credit, J&J maintains there is no definitive evidence to suggest that its Talc products, which includes its famous 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 this year.
J&J wants to avoid the cost of going to trial. It has prevailed in the majority of the cases decided through trial, though certain losses have been severe.
A highly publicized trial in Missouri produced an $4.7 billion verdict against the drug maker, which 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 talc trials that are either in appeal or resolved. Out of 41 trials 32 ended with an outcome for J&J either through a mistrial or plaintiff verdicts that were reversed on appeal. Talc powder cancer reddit. In addition, J&J in 2020 negotiated to settle over 1,000 cases worth $110 million. Bloomberg stated at the time.
Talcum Baby Powder Ovarian Cancer Lawsuit – Talc Powder Cancer Reddit
Our lawyers handle baby powder lawsuits across every state. The talcum powder lawsuits for Johnson & Johnson have been ongoing for many years. Talc powder cancer reddit. The lawsuits allege that prolonged use of talcum powder (or “talc”), the active ingredient found in products such as Baby Powder along with Shower to Shower which can cause ovarian cancer in certain women.
This page gives the J&J talc power litigation update and examines how the coming bankruptcy ruling affects the final settlement amounts in these cases of ovarian cancer.
Have you reached the deadline by which you to bring a talcum lawsuit? Many who assume the deadline has passed to file a lawsuit against Johnson & Johnson are wrong. Contact us now at 800-553-8082 or request a no-cost and quick case review online.
Johnson and Johnson Talcum Powder Lawsuit Update 2023 – Talc Powder Cancer Reddit
June 2 2023 Update: During the asbestos talc trial at the trial in California yesterday, a few technical issues halted the opening speech of defense attorneys. Talc powder cancer reddit. Jurors who were watching at home via Zoom, did hear Johnson &Johnson’s lawyer express doubts about the 70s research that claimed asbestos was present in their product, but the proceedings abruptly ended.
The plaintiff had the opportunity to introduce its first expert witness Arthur Langer. Langer explained that the occurrence of other minerals alongside the talc mineral is a given. He also testified that his team had notified J&J in 1971 about the presence of chrysotile asbestos the talc produced by the company, although with just 0.1 percent. The asbestos was discovered by him in 1976.
June 1st, 2023 Update: Talc powder cancer reddit. First trial after J&J took the decision to disband its Talc division, and then declare bankrupt is an important point within the ongoing lawsuit controversy. The trial began on Tuesday in the heartbreaking trial of a young plaintiff, diagnosed with a rare and aggressive type of mesothelioma last year, which lawyers on both sides acknowledge is a grave tragedy.
The opening statements exposed the sharp differences in the two sides’ narrative. The attorney representing the plaintiff aimed his ire at Johnson & Johnson, alleging that the company employed deceitful strategies in its research practices as well as throughout the litigation process. According to the attorney, Johnson & Johnson tried to alter the definition of asbestos, despite internal documents dating back to between 1978 and 1994 that showed asbestos fibers that were found in the tissue of the plaintiff are included.
Johnson &J’s tangled $8.9 billion settlement is hanging in the balance as we progress of this trial. Despite the distinct nature of the mesothelioma trial and the unique issues it faces compared to other talcum powder lawsuits and a decision in favor of the plaintiff could be an enormous setback for J&J’s hopes for broad acceptance of their proposed settlement among plaintiffs.
May 31 2023 Update: Johnson and Johnson’s bankrupted talc unit has vigorously defended its second Chapter 11 filing in the face of challenges from talc injury claimants. In an opposition filed with the New Jersey bankruptcy court, the subsidiary argued that the case was distinct from the prior filing. It highlighted the extraordinary commitment of $8.9 billion to J&J which is the biggest settlement ever to be made in an bankruptcy case involving mass torts. Talc powder cancer reddit. The issue is not discussed: whether the amount of the settlement implies that it is a fair settlement. J&J also claimed that it received support from numerous plaintiffs’ law firms representing over 60,000 claimants. This is hard to verify however it is likely to be incorrect.
May 24 2023 Update: In the wake of Johnson & Johnson’s bankruptcy in 2021 filing, the very first trial on its cosmetic talc products that are believed to comprised of asbestos is set to start jury selection Monday, May 24, California within the Alameda County Superior Court, the most favored court for plaintiffs. The plaintiff claims that his mesothelioma resulted from asbestos exposure in J&J’s product which J&J has denied. The trial also includes six retailers accused of selling talc products.
May 22, 2023 Update: Lawyers in the 2nd J&J Talc bankruptcy are currently disputing who should be appointed to the role of the future claims representative, which is vitally essential in resolving the claim for talc. Talc powder cancer reddit. Randi Ellis, a lawyer who is frequently involved in MDLs throughout the country was appointed the claims representative in the first bankruptcy. J&J’s defense group wants Ellis to be named to the position and again, but attorneys for the talc plaintiffs have raised objections to the claim that Ellis has an interest conflict which would prohibit her from being appointed to that post in the future. The dispute stems from possibility that Ellis was reportedly involved in the drafting of the highly contesting second bankruptcy, raising doubts about her capacity to be neutral. In reality, the bankruptcy will be dismissed in the end.
May 17, 2023 Update: The pretend company J&J formed for the talc bankruptcy disclosed to a New Jersey bankruptcy court that they have allocated $400 million as a settlement for claims made by states accusing the company of deceitful advertising for its talc products. Talc powder cancer reddit. That’s an $8.5 billion settlement for cancer sufferers. It’s difficult to imagine a scenario where J&J can get the baby powder settlements in these figures. While J&J’s $8.5 billion offer seems like a lot of money initially, it does not look good when you look at the numbers. The settlement plan based on our rough calculations would not pay victims much more than an average settlement $100,000 per instance. It’s not enough.
May 15 2023, Update J&J is potentially facing a suit from an advocacy group that represents cancer victims. Talc powder cancer reddit. The group claims that J&J intentionally canceled the $61.5 billion financing agreement with its subsidiary, LTL Management LLC, to simulate financial distress and to validate the company’s Chapter 11 bankruptcy filing. The group argues that this act is equivalent to a fraudulent transfer of right to compensation for victims. They plan to explore J&J’s actions following of the dismissal of LTL’s first bankruptcy suit.
May 10, 2023 Update: Next week, it is expected that the U.S. Bankruptcy Court in New Jersey will hear oral arguments in a motion dismiss the second bankruptcy petition filed of J&J subsidiary LTL Management. However, in the meantime, LTL Management has filed an order calling for both parties to take part in a new settlement negotiation with the hopes of achieving a global settlement deal can been reached.
May 5th 2023: Update on Talc supplier Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to numerous lawsuits alleging that its Talc products cause cancer from asbestos exposure. Talc powder cancer reddit. Over 2,700 people have sued the company and it is spending $1 million a month on legal defense. The company’s most recent $29 million verdict on the state of South Carolina forced it to pursue bankruptcy protection, and arguing for a fair distribution of assets among talc claimants instead of being taken through the receiver. Other suppliers of talc have declared bankruptcy because of legal proceedings.
May 4, 2023 Update: U.S. Bankruptcy Judge Michael Kaplan has directed Johnson & Johnson to restart settlement discussions with lawyers who have rejected the company’s $8.9 billion settlement offer. At Trenton, New Jersey yesterday the parties gathered in court to discuss the next steps to take in their second bankruptcy matter. Judge Kaplan was pushing for more settlement discussions.
This is the best way to resolve the claims of J&J. A baby powder settlement could be completed. Talc powder cancer reddit. However, it’ll require additional money – perhaps billions of dollars – from Johnson & Johnson.
Lawyers have a split opinion on whether or not to agree with the proposal and not all clients view the issue the same way their lawyer sees it. This second case of bankruptcy is likely to be a failure as Judge Kaplan has scheduled a hearing in June to determine if she will discharge the bankruptcy for the 2nd time.
May 3, 2023 Update: A group representing cancer victims who are suing Johnson & Johnson (J&J) asked for J&J’s Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it is an attempt to halt the litigation surrounding talc-based products. The group representing claimants for talc made a motion Tuesday requesting the Third Circuit to consider their case and send it back to a lower court, with instructions to discharge the bankruptcy. Talc powder cancer reddit. The committee also requested that the lawsuit against the halted torts of J&J be allowed to continue.
LTL has filed for Chapter 11 protection once again following its bankruptcy filing that was rejected by the Third Circuit earlier this year, offering the possibility of an $8.9 billion agreement. The committee argues that the recent ruling which allowed LTL’s third Chapter 11 to continue, as well as halting the trials against J&J, warrants the immediate Third Circuit review. The US Trustee 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 as saying that J&J intends to file a response in the appeals court, calling the request a “desperate and legally inadequate effort” by a small number of law firms that have competing financial interests.
May 1st 2023 Update: One most frequently asked question is how plaintiffs and their attorneys turn off $8.9 billion. Of course, it’s an immense amount of money. But there are plenty of victims. Talc powder cancer reddit. These are an excellent case for plaintiffs. We have been reminded of this recently by two talc-related trials that resulted in big verdicts for plaintiffs. In February mesothelioma cases, a talcum powder trial in Oregon ended in a verdict in the amount of $18.1 million. The following month, a second mesothelioma-related talc case went to trial in South Carolina and resulted in the verdict of $29 million in favor of plaintiff. In both instances, the defendant was Whittaker, Clark & Daniels Inc. one of the most prominent suppliers of talc in the U.S.
April 30 2023 Update: In the year 2023, when J&J initially tried to take the talcum powder lawsuit into bankruptcy, it came with an offer to set aside $2 billion to settle the case. The amount was absurdly low. The talc plaintiffs had not were in favor of the offer. This time, however, J&J has increased the offer to $8.9 If the talc plaintiffs are willing to accept bankruptcy settlements and they also have the support of a substantial segment of the talc plaintiffs and their lawyers. Talc powder cancer reddit. However, 75% of talc plaintiffs, which is required for bankruptcy plan approval, it a tough road with so many lawyers with vast inventories of baby powder-related lawsuits, opposed to the settlement.
What are the solutions to the impasse? More billions.
April 25 2023 update: Talc plaintiffs have sought a court order to dismiss the Chapter 11 case filed by LTL Management LLC, a ridiculously made-up Johnson & Johnson subsidiary, which claims that the business is not financially strained. LTL applied for Chapter 11 to settle tens of thousands of claims that J&J’s baby powders cause cancer. Talc powder cancer reddit. In the end, however, the 3rd Circuit dismissed its first Chapter 11 case in January, saying LTL was not a candidate for bankruptcy relief because it did not show financial distress.
The claimants assert that the second Chapter 11 case is an overreach of the bankruptcy system, and that the case is being handled in bad faith. J&J says the bankruptcy settlement is backed by “significant support” from companies representing an estimated 60,000 claimants. It’s safe to say that lawyers representing plaintiffs and victims ‘ lawyers are divided on what they believe is an $8.9 billion settlement offer.
April 21st, 2023 Update A bankruptcy judge has decided the company Johnson & Johnson must face new lawsuits claiming that the company sold baby powder that was contaminated and causing cancer. Although trials for the talc lawsuits have been suspended for at least 60 days but new lawsuits can be filed and lawyers will begin preparing their cases. Talc powder cancer reddit. The judge expressed skepticism over J&J’s pathetic attempt to revive its strategy by filing the second bankruptcy case.
April 13 2023: Update on the biggest announcement is an $8.9 billion over 25 years of settlement. Lawyers representing cancer victims involved in the MDL class action have vowed to fight the settlement alongside talc claimants. Why? They believe it’s not enough for those suffering from cancer who are 70,000. Talc powder cancer reddit. They argue that J&J should negotiate a larger settlement or settle individual claims in the event that the latest bankruptcy is dismissed.
But there’s a separate group of lawyers that is not part of the leadership in the class action. These lawyers have amassed many thousands of cases. This group wants to settle in what many believe to be less than these victims deserve. Their argument seems to be two-fold. They argue that the settlement of around an average of $100,000 per plaintiff is fair.
This is an argument that is difficult to prove. But their second argument has more substance: the victims will now not wait and they want their money now.
April 12, 2023 Update: People are wondering if J&J can file for bankruptcy once more. The answer is complex and convoluted. Let’s try to simplify it in simple terms.
Johnson & Johnson asserts that bankruptcy is the only way to deal with both present and future lawsuits involving talc conclusively. Also, it believes that it will be less expensive if there is an element of bankruptcy that puts pressure to negotiate a settlement. Talc powder cancer reddit. Moving past 400 years of American time, the business claims that bankruptcy benefits all parties because it distributes settlement payments more evenly and more efficiently than trial courts in which some litigants receive substantial awards while others receive nothing.
The basic tenet in this 3rd Circuit decision was this isn’t a case that involves a profitable company making subsidiaries to meet the legal burden and declare bankruptcy Congress had in mind when it came to drafting the Bankruptcy Code. However, the court also ruled the company was financially crisis because J&J promised unlimited funding.
This is why J&J decided to go with the unlimited funding portion of the contract and did not promise to fund unlimited litigation. The company claims that new financing agreements with its subsidiary address appeals court’s concerns, while supplying funds for claim payments. As if offering victims less money would solve the underlying issue.
Attorneys representing cancer victims who do not agree with the agreement counter this with what you conclude is countering legal nonsense with legal nonsense: J&J fraudulently transferred $50 billion of assets away from LTL Management to circumvent the appeals court’s previous decision. Hyperbole did not go unnoticed the lawyers representing victims call this the biggest “fraudulent deal in United States history.”
Notwithstanding the legal mumbo jumbo, J&J does not really believe that this bankruptcy will last. But it is a way of trying to push this $8.9 billion settlement and keep the pressure on plaintiffs.
April 10, 2023 Update Bloomberg provides an insightful article on a new law that has been passed in New Jersey that is shedding new light on the funding of litigation in the plaintiffs in the class action. The funders who fund litigation Virage Capital Management and TRGP Capital invested in hundreds of claims against Johnson & Johnson (J&J) on behalf of talc products. They exchanged in exchange for a portion of profits. J&J is now willing to pay $8.9 billion to settle any lawsuits.
The funders’ involvement is publicly available due to an New Jersey court rule requiring the disclosure of certain information about funding sources outside of the. The rules aim to tackle the growing demands for the regulation of litigation funders. J&J faces over 60,000 claims when you combine state and federal baby powder lawsuits. Third-party funding for mass tort lawsuits has pros and pros and. There is no doubt that we are witnessing how third-party funding could level the playing field between individual and large corporations in the courtroom.
April 4 2023 Update: It is fun to watch the worm turn in this legal battle. J&J suffered another setback this week, when they were denied by the Third Circuit denied J&J’s request to extend the automatic stay in the meantime that J&J appeals a bankruptcy decision in the U.S. Supreme Court. Automatic stays have froze thousands of talcum cases and prevented new lawsuits from arising ever since J&J began the controversial plan to spin the talc liability off into a bankrupt subsidiary more than one year earlier. Talc powder cancer reddit. After it was decided that the 3rd Circuit ruled that this bankruptcy was insufficient only a few months back, the stay was revoked. J&J had hoped to have it remain in effect until hearing the SCOTUS appeal. But, 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 for the Supreme Court is willing even to consider the appeal? Low.
March 16th, 2023 Update: with the bankruptcy stay now in effect, the first new cases were filed and incorporated into the class action involving talcum powder MDL within a year. Seven new talc cases were included in the MDL in the past month, bringing the total number of cases in the pending process up to 37,522.
February 25 2023 Update The following information is available: A Congressmen from Tennessee is now demanding that The U.S. Government Accountability Office (GAO) initiate an investigation to determine how much J&J talc products have cost the government over the years.
Recently, in an open letter addressed to the GAO, Rep. Steven Cohen (D-Ten.) accused J&J of failing to recognize the dangers of its talc product for years while tax dollars were spent treating those injured by exposure to the product. This lawsuit comes a few weeks after J&J’s loss to the 3rd Circuit Court of Appeals.
Talc powder cancer reddit. J&J has to begin making reasonable settlements for victims in order to put all of this behind. It is a stain on one of the world’s greatest companies.
February 14 2023 Update: At an appearance today in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention in light of his 3rd U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.
You May be Entitled to Significant Compensation Talc powder cancer reddit. 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!