You May be Entitled to Significant Compensation Do any gold bond products contain talc. 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 pay $400 million to US state AGs. Do Any Gold Bond Products Contain Talc .

Johnson & Johnson (JNJ.N) has set aside $400 million to resolve U.S. state consumer protection actions as part of a broader $8.9 billion deal to settle claims that its Baby Powder and other talc-based product causes cancer. Do any gold bond products contain talc.

J&J company subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday which outlines how the company intends to pay different types of cancer patients in bankruptcy settlement. Do any gold bond products contain talc. J&J has stated that its Talc products are safe, and won’t cause cancer. The company is trying for another time to settle more than 38,000 lawsuits brought in bankruptcy and prevent new cases from coming forward in the near future.
LTL’s bankruptcy plan would pay $400 million to a separate trust for lawsuits filed from state attorney generals alleging that J&J violated state unfair business practices and consumer protection laws by misleading consumers about the quality of its talc products.

Many states had initiated consumer protection actions against J&J prior to the time that LTL’s bankruptcy filing prevented those investigations from moving forward in 2021. Do any gold bond products contain talc. New Mexico and Mississippi had already filed lawsuits with Johnson & Johnson before then and the states of Arizona, Maryland, North Carolina, Texas and Washington had issued civil investigative requests or subpoenas, according to LTL’s court filings.

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 have claimed that a lucrative business like J&J does not qualify for bankruptcy protections intended for struggling debtors.
LTL’s first attempt at resolving the bankruptcy-related lawsuits was thrown out after similar arguments. A U.S. appellate court determined it was not LTL did not have “financial distress” and therefore not eligible under bankruptcy law. Do any gold bond products contain talc. LTL filed a second bankruptcy within two hours of the dismissal, arguing the second bankruptcy was different due to the fact that it was able to borrow less and had a greater chance of securing the possibility of settling.

New Mexico and Mississippi said in their motion to dismiss that LTL’s new bankruptcy violates the state’s law enforcement authority by attempting unilaterally to cap the liability of the company for state consumer protection laws.

Do Any Gold Bond Products Contain Talc

LTL’s filings for the new year also contained more information on the way in which the company will evaluate and pay cancer claims should the bankruptcy plan be approved.

The most significant payments under the settlement will be $500,000 for those diagnosed with cancer of the mesothelioma ovary before age 45. Do any gold bond products contain talc. The second payment would be $260,000 for patients diagnosed with advanced ovarian cancer prior to age 45.

From there, the proposed settlement provides discounts based on the severity and type of cancer, an individual’s age, previous usage of talc and other variables. Do any gold bond products contain talc. For example 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 Stage II cancer of the ovary by age 55 may qualify to receive a payout of $21,125 under the plan.

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

After another round of hearings in Johnson &Johnson’s attempt to employ a Texas Two Step bankruptcy strategy to resolve talc litigation, federal bankruptcy Judge Michael Kaplan has ordered the company as well as those who oppose the plan to hold 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. Do any gold bond products contain talc. While a group of law firms representing plaintiffs supports the settlement, a different group is opposed to the offer.

The previous week, the opposition group, known as”The Official Committee of Talc Claimants requested the bankruptcy court to dismiss the case by arguing that LTL can not be considered financially distressed.

“The filing is a desperate and legally ineffective attempt by a few of law firms to try to block claimants from voting on the resolution plan–a plan that the vast majority of claimants favor,” J&J’s litigation chief Erik Haas, said in an announcement. Do any gold bond products contain talc. “The law firms involved in their filing are financially oriented and have conflicts that do not align with, differ from and infringe on the rights that their customers. We will be submitting an appeal to the appellate court.”

Do any gold bond products contain talc. Clay Thompson, a lawyer for MRHFM, which is home to more than mesothelioma patients who have sued J&J claimed that J&J’s second bankruptcy effort will fail.

“J&J publishes press release describing how fantastic its plans are, but is demanding that plan details–including what the individual sick individuals would be treated to,” Thompson said in an announcement. “What does the company have to keep secret?”

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Kaplan has instructed the sides to develop a new restructuring plan, with the oversight by two mediators.

As of February 2022 Kaplan affirmed the ability of J&J’s recourse to Chapter 11 to hasten a settlement that would free the company from the hundreds of thousands of claims over its talcum products.

However, in the month of January, an appeals court in the United States overturned the decision, deciding that the company was not able to be considered in “financial financial distress.”

The J&J’s plan to contest the U.S. Supreme Court was turned down in April, J&J filed for its second bankruptcy about two hours later. In response, Kaplan froze the lawsuits for 60 calendar days to decide whether to grant the second bankruptcy.

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

With 2 Chapter 11 attempts, J&J has purchased 19 months of which cases have been held. Do any gold bond products contain talc. J&J wants the claimants to decide whether they want to accept the settlement. J&J would need 75% acceptance in order for the agreement to be accepted.

In addition to the team of talc lawyers who panned the bankruptcy of the company and the U.S. Trustee, an arm belonging to the U.S. Department of Justice is also submitting an appeal to dismiss LTL’s second bankruptcy.

In a statement this week, U.S. Trustee Andrew R. Vara wrote that the doors of the bankruptcy court are “open to honest, but naive debtors.” The doors “are not accessible to those who do not have a legitimate bankruptcy purpose or that seek to abuse the bankruptcy process to hinder or delay their creditors.” Vara continued.

To its credit, J&J maintains there is no conclusive evidence that its talc products, including its famous baby powder, can cause cancer. J&J has taken its products off from the market and will first launch them on North America in 2020–and the rest of the world this year.

J&J seeks to avoid the costly business of going to court. It has prevailed in most of the cases that have been decided through trial, though some losses have been severe.
A highly-publicized trial in Missouri produced a $4.7 billion verdict against the drug company that was later reduced to $2.1 billion after appeals.

Johnson & Johnson faces high-stakes hearing over ‘Texas Two Step’ talc strategy: report
In all, J&J has lost nine trial involving talc that are being appealed or concluded. Out of 41 trials 32 have ended in winning for J&J or a mistrial, or plaintiff verdicts that were reversed upon appeal. Do any gold bond products contain talc. Additionally, the company in 2020 negotiated to settle nearly 1,000 cases worth the sum of $100 million. Bloomberg reported at the time.

Talcum Baby Powder Ovarian Cancer Lawsuit – Do Any Gold Bond Products Contain Talc

Our lawyers are handling baby powder cases in all 50 states. The talcum powder lawsuits in the case of Johnson & Johnson have been in the process for several years. Do any gold bond products contain talc. The lawsuits allege that prolonged use of talcum powder (or “talc”), the active ingredient in products like the Baby Powder along with Shower to Shower as well as other products, may cause ovarian cancer in some women.

This page gives an J&J update on the talc power litigation and explains how the forthcoming bankruptcy ruling affects the final settlement amounts of the ovarian cancer lawsuits.

Has the deadline passed for you to file a talcum powder lawsuit? Many who believe 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 – Do Any Gold Bond Products Contain Talc

June 2 2023 Update: At the trial for asbestos-containing talc that took place in California yesterday, technical glitches interrupted the opening statement by the defense lawyers. Do any gold bond products contain talc. Jurors at home via Zoom, did hear Johnson &Johnson’s lawyer express doubt about the science of the 70s asserting the presence of asbestos in their product prior to the proceedings abruptly ended.

Meanwhile, the plaintiff was able to present an initial witness Arthur Langer. Langer stated that the presence of other minerals with talc is inevitable. He claimed that his group was notified by J&J in the year 1971 about the presence of chrysotile asbestos in the company’s talc, albeit at less than 0.1 percent. He also uncovered more asbestos in 1976.

June 1st, 2023 Update: Do any gold bond products contain talc. This is the first court trial that has taken place since J&J decided to spin off its talc division and declare bankruptcy marks an important moment within the ongoing litigation drama. Trial started on Monday in the tragic case of a young 24-year-old plaintiff, diagnosed with a rare and aggressive form of mesothelioma in the past year, an illness that lawyers on both sides of the argument agree is a tragic loss.

Opening statements revealed the sharp differences in the two sides’ narrative. The attorney for the plaintiff took aim at Johnson & Johnson, alleging the use of deceitful tactics in research practices and throughout the litigation process. As per the lawyer the company attempted to manipulate asbestos’ definition, in spite of internal documents from 1998 and 1994 that show asbestos fibers found in tissue of the plaintiffs are included.

Johnson &J’s highly uncertain $8.9 billion settlement offer hangs in the balance with the progress of this trial. Despite the unique nature of the mesothelioma trial and its unique challenges compared to the majority of talcum powder lawsuits, a verdict favoring the plaintiff could result in an unintended setback to Johnson & J’s expectations of widespread acceptance of their proposed settlement with plaintiffs.

May 31 2023 Update: Johnson & Johnson’s bankrupted talc unit has was able to defend their Second Chapter 11 filing in the face of challenges from the talc injury plaintiffs. In an opposition filed with the New Jersey bankruptcy court, it argued that the case was fundamentally different from the previous filing. It emphasized the unprecedented commitment to $8.9 billion by J&J, the largest ever settlement in any bankruptcy case that involves mass tort. Do any gold bond products contain talc. Not mentioned: how the amount of the settlement implies that it is an equitable settlement. J&J also claimed that it received support from numerous plaintiffs’ law firms representing more than the 60,000 plaintiffs. This is hard to verify but likely incorrect.

May 24 2023 Update: As of Johnson & Johnson’s 2021 bankruptcy filing, the first trial concerning the cosmetic talc products it claims to with asbestos content is scheduled to commence jury selection on Monday, California at Alameda County Superior Court, an historically reliable court for plaintiffs. The plaintiff claims his mesothelioma resulted from asbestos exposure resulting from J&J’s products which J&J denies. The trial also involves six retailers who are accused of selling talc-based products.

May 22nd, 2023 Update Lawyers in the 2nd J&J talc bankruptcy are in a dispute over who should be appointed to the role of the claims representative in the future, an important role important to resolving the claim for talc. Do any gold bond products contain talc. Randi Ellis, a lawyer who regularly appears in MDLs throughout the United States was appointed the claims representative during the first bankruptcy. J&J’s defense team wants Ellis to be appointed in that position and again, but attorneys for the plaintiffs in talc are arguing because Ellis has an interest conflict that would prevent her from assuming that position in the future. The dispute stems from issue that Ellis was believed to have been involved in drafting the controversially litigated second bankruptcy, which raises doubts about her capacity to be neutral. It’s true that this bankruptcy will likely to be tossed out anyway.

May 17, 2023 Update The pretend company that J&J made up to handle the bankruptcy of talc informed the New Jersey bankruptcy court that they have designated $400 million as a settlement for claims made by states accusing J&J of misleading marketing regarding its talc products. Do any gold bond products contain talc. It’s a $8.5 billion settlement for cancer patients. It’s hard to imagine the scenario in which J&J could push these baby powder settlements through given these numbers. While J&J’s $8.5 billion offer seems like a lot initially, it may not look good after you calculate the figures. This settlement offer based on our rough calculations would not offer victims anything more than a median settlement of $100,000 per case. This isn’t enough.

May 15, 2023 update: J&J could be facing lawsuit brought by an advocacy group representing cancer victims. Do any gold bond products contain talc. The group claims J&J intentionally canceled an $61.5 billion financing agreement with its subsidiary, LTL Management LLC, in order to create a false sense of financial distress and confirm the unit’s Chapter 11 bankruptcy filing. The group claims that this move could be interpreted as a fraudulent transfer of the rights of victims’ compensation. They intend to investigate J&J’s actions as a result of the decision to dismiss the first bankruptcy case of LTL.

May 10, 2023 Update: Next week in next week, the U.S. Bankruptcy Court in New Jersey will hear oral arguments in a motion dismiss the second bankruptcy application by J&J company LTL Management. However, in the meantime the bankruptcy has issued an Order that requires both parties to participate in a new settlement negotiation to see if an international settlement agreement can be come to fruition.

May 5, 2023 Update: Talc manufacturer Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to numerous lawsuits alleging its talc products cause cancer due to asbestos exposure. Do any gold bond products contain talc. More than 2700 people have filed lawsuits against the company and the company was spending $1 million a month on legal defense. The company’s most recent $29 million verdict at the Supreme Court of South Carolina forced it to pursue bankruptcy protection, and arguing that assets should be distributed in an equitable manner among talc claimants instead of being confiscated through the receiver. Other suppliers of talc have been forced to file for bankruptcy as a result of legal proceedings.

May 4 2023, Update U.S. bankruptcy judge Michael Kaplan has directed Johnson & Johnson to relaunch negotiations with lawyers who rebuffed the company’s $8.9 billion settlement offer. The court in Trenton, New Jersey yesterday the parties appeared before a judge to discuss next steps in this second case of bankruptcy. Judge Kaplan has pushed for further settlement talks.

This is the answer to resolve these claims for J&J. The baby powder settlement is likely to be achieved. Do any gold bond products contain talc. But it’ll need more money – billions of dollars from Johnson & Johnson.

Lawyers have a split opinion on whether to take the proposal or not and not every client views the issue the same way their lawyer does. This second case of bankruptcy is destined to go nowhere the judge Kaplan has set a date for a hearing in June to determine if she will discharge the bankruptcy for the 2nd time.

May 3, 2023 Update: A group representing cancer patients suing Johnson & Johnson (J&J) asked an order from the Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it is an attempt to halt the litigation involving talc products. The group representing claimants for talc submitted a motion on Tuesday, asking for the Third Circuit to consider their case and then send it back an earlier court, with instructions for dismissing the bankruptcy. Do any gold bond products contain talc. They also asked that lawsuit against the halted torts of J&J allow the litigation to continue.
LTL requested Chapter 11 protection once again after its first bankruptcy filing was denied in the Third Circuit earlier this year with a $8.9 billion payment. 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 should be subject to urgent Third Circuit review. The US Trustee also asked that the New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s vice president for global litigation, Erik Haas, was quoted by Bloomberg saying that J&J plans to file a formal response to the appeals court calling the request a “desperate and legally insufficient plan” by a select group of law firms that have conflicting financial interests.
May 1st 2023 Update: One common question that people ask is how plaintiffs and their lawyers turn down $8.9 billion. That’s of course an immense amount of money. But there are plenty of victims. Do any gold bond products contain talc. These are an excellent cases for plaintiffs. We were reminded of this last week with two talc trials have resulted in huge verdicts for plaintiffs. In February mesothelioma cases, a talcum powder trial in Oregon led to an award in the amount of $18.1 million. A month later, another mesothelioma-related talc case went to trials in South Carolina and resulted in a verdict of $29 million to the plaintiff. In both instances, the defendant was Whittaker, Clark & Daniels Inc. One of the most prominent suppliers of talc in the U.S.
April 30th 2023 Update: J&J initially tried to take the lawsuit over talcum powder into bankruptcy, it was met with an offer to put aside $2 billion to settle the case. It was a ridiculously small amount. All of the talc plaintiffs agreed with it. However, this time, J&J has increased the offer to $8.9 If the talc plaintiffs agree to a bankruptcy settlement and they also have the support of a substantial segment of the talc plaintiffs and their attorneys. Do any gold bond products contain talc. However, 75% of plaintiffs in the talc category, which is needed for approval of the bankruptcy plan is not an easy task since there are so many lawyers with massive inventories of baby powder lawsuits opposed against the proposed settlement.

What are the solutions to the impasse? More billions.
April 25, 2023 Update: Talc plaintiffs have sought a court order to disqualify the Chapter 11 case filed by LTL Management LLC, a absurdly made-up Johnson & Johnson subsidiary, which claims that the business is not financially troubled. LTL filed for Chapter 11 to settle tens of thousands of claims that J&J’s baby-powders caused cancer. Do any gold bond products contain talc. The 3rd Circuit dismissed its first Chapter 11 case in January and said that the company wasn’t eligible for bankruptcy relief as it was unable to demonstrate financial difficulties.

The plaintiffs argue that LTL’s 2nd Chapter 11 case is an abuse of the bankruptcy system and that it is being pursued in bad faith. J&J claims the bankruptcy settlement receives “significant backing” from the firms that represent an estimated 60,000 claimants. It is fair to say plaintiffs’ lawyers and the victims are split over this $8.9 billion amount of settlement offered.

April 21st, 2023 Update A bankruptcy judge ruled that Johnson & Johnson must face new lawsuits alleging that the firm sold a baby powder that contained a chemical that causes cancer. While trials in talc lawsuits are paused for a minimum of 60 days however, new lawsuits may be filed, and lawyers are able to begin preparing their cases. Do any gold bond products contain talc. The judge expressed his doubts about J&J’s pathetic attempt to revive its strategy with another bankruptcy case.

April 13, 2023 Update: The major update is about the $8.9 billion over 25 year period settlement offered. Lawyers representing cancer victims who are part of the MDL Class Action have vowed to fight the settlement along with talc claimants. Why? They believe it’s not enough to pay for those suffering from cancer who are 70,000. Do any gold bond products contain talc. The lawyers say that J&J should negotiate a bigger settlement or settle individual claims in the event that the latest bankruptcy is thrown out.

However, there is a second group of lawyers that is not part of the leadership of that class action. These lawyers have collectively amassed hundreds of thousands of cases. The group is seeking to settle the case now with what they believe is lower than what the victims should be paid. Their argument seems to be two-fold. First, they argue the settlement – which amounts to 100 million dollars on average per plaintiff – is fair.

That is a hard argument to present. However, their second argument has more force: victims should no longer wait and want the money immediately.

April 12 2023 Update: Some people are asking how J&J can file for bankruptcy again. The answer is complicated and confusing. Let’s try to simplify the issue in a simple way.
Johnson & Johnson asserts that bankruptcy is the only option to settle both present and future lawsuits involving talc conclusively. Also, it believes that it will be less expensive in the event of an element of bankruptcy that puts pressure for a settlement. Do any gold bond products contain talc. In a quest to cover hundreds of years of American past, the company claims that bankruptcy benefits all parties because it distributes settlements more fairly and effectively than trial courts, which are where litigants get significant award while others do not.

The basic tenet in the 3rd Circuit decision was this isn’t a case that involves a profitable company making subsidiaries to meet the legal responsibility and declare bankruptcy, which is what Congress contemplated when drafting the Bankruptcy Code. However, the court also ruled that the entity was in financial trouble due to the fact that J&J promised unlimited funding.
Thus, J&J took advantage of the unlimited funding portion of the agreement and didn’t promise that it would provide unlimited funds for litigation. The company claims that new financing agreements with its subsidiary address the appeals court’s concerns, while supplying funds for claim payments. It’s as if giving victims less money would solve the overall issue.

Attorneys representing cancer victims who do not agree with the agreement counter this by arguing that the plaintiff 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 ruling. Hyperbole was not spared the lawyers representing victims call it the largest “fraudulent transaction in United States history.”

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

April 10, 2023 Update Bloomberg offers an informative article about a new law within New Jersey that is shedding new light on the funding of litigation 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) on behalf of talc products. They exchanged for a portion of any profits. J&J is now offering that it will pay $8.9 billion in settlements for all lawsuits.

The involvement of the funders is publicly available due to the New Jersey court rule requiring the release of certain details regarding outside funding backers. The law is designed to address the growing calls for the regulation of lawsuit funders. J&J has more than 60,000 claims when you combine state and federal child powder-related lawsuits. Third-party funding of mass tort cases has its pros and pros and. However, there is no doubt that we are witnessing the ways that third-party funding can even the playing field between individuals and big corporations in court.

April 4, 2023 Update: It’s enjoyable to see the worm turn in this litigation. J&J took another hit this week, when they were denied by the Third Circuit denied J&J’s request to keep the automatic stay in place during the time that J&J appeals a bankruptcy ruling to the U.S. Supreme Court. It has halted thousands of talcum powder cases and stopped the filing of new lawsuits ever since J&J launched the controversial attempt to spin talc-related liabilities into a bankrupt subsidiary over one year ago. Do any gold bond products contain talc. After the 3rd Circuit ruled that this bankruptcy was insufficient a few months ago, the stay was revoked. J&J wanted to see it continued pending its SCOTUS appeal. But, 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 odds that the Supreme Court is willing even to take up the appeal? Low.
March 16 2023 Update: With the bankruptcy stay 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 have been added to the MDL in the last month which brings the total number of pending cases up to 37,522.

February 25 2023 Update The following information is available: A Congressmen from Tennessee is now calling for the U.S. Government Accountability Office (GAO) launch an investigation to determine how much J&J talc products have cost the government in the decades.
In a recent letter addressed to the GAO, Rep. Steven Cohen (D-Ten.) claimed that J&J of ignoring the dangers of its talc products for many years, while tax dollars were utilized to treat people injured by exposure to the chemicals. The suit comes just a few days after J&J’s loss to the 3rd Circuit Court of Appeals.

Do any gold bond products contain talc. J&J needs to start making reasonable settlements for victims in order the process of putting all this behind it. This is a blemish on one of the top businesses.

February 14 2023 Update: In a hearing today at the hearing in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention in light of the ruling of 3rd U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.