You May be Entitled to Significant Compensation Gold bond talc free spray. 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 be worth $400 million to US state AGs. Gold Bond Talc Free Spray .
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 effort to settle allegations that it’s Baby Powder and other talc-based ingredients cause cancer. Gold bond talc free spray.
J&J company subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday that details how the company intends to pay for different types of cancer victims as part of the bankruptcy settlement. Gold bond talc free spray. J&J has said that its products containing talc are safe and do not cause cancer. J&J is seeking a second time to resolve more than 38,000 lawsuits brought in bankruptcy, and to prevent any new cases from arising in the near future.
The bankruptcy plan of LTL would pay $400 million into an additional trust to settle claims filed in state courts by attorneys general claiming that J&J had violated the state’s unfair commercial practices as well as consumer protection laws by misleading consumers about the safety of its talc products.
A number of states had already initiated consumer protection lawsuits against J&J prior to LTL’s bankruptcy filing prevented these investigations from proceeding in 2021. Gold bond talc free spray. New Mexico and Mississippi had already launched lawsuits against Johnson & Johnson before then and the states of Arizona, Maryland, North Carolina, Texas and Washington had issued civil investigative subpoenas or demands in LTL’s court documents.
New Mexico and Mississippi have filed a petition to end LTL’s bankruptcy in a joint move with cancer victims and the U.S. Justice Department’s bankruptcy watchdog. have argued that a profitable company such as J&J can’t benefit from bankruptcy protections intended for those struggling with debt.
LTL’s first attempt at resolving the bankruptcy cases was thrown out after similar arguments, when a U.S. appeals court decided in favor of LTL had not been in “financial trouble” and thus not eligible under bankruptcy law. Gold bond talc free spray. LTL declared bankruptcy a second time less than two hours after the dismissal, arguing its second attempt was different because 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 bankruptcy renewal violates state law enforcement powers in attempting to unilaterally limit the liability of the company for state consumer protection laws.
Gold Bond Talc Free Spray
LTL’s recent filings also provided additional details about how the company would evaluate and pay claims for cancer if the bankruptcy plan is approved.
The highest payments under the settlement would be $500,000 to those diagnosed with cancer of the mesothelioma ovary before age 45 and $260,000 for people diagnosed with ovarian cancer that is terminal before age 45.
The proposed settlement provides discounts based on the severity and type of cancer, an individual’s age, the history of talc use and other factors. Gold bond talc free spray. For instance the case of a woman who used talc products weekly, had an ovarian cancer family history, cancer and was diagnosed Stage II cancer of the ovary when she was 55 might qualify to receive a payout of $21,125 under the program.
Judge orders J&J, talc opponents to engage in settlement talks.
After another round of hearings in Johnson & Johnson’s effort to use a Texas Two-Step bankruptcy strategy for talc litigation and federal bankruptcy judge Michael Kaplan has ordered the firm and the people who opposed the strategy to engage in negotiations to settle the matter, Bloomberg reports.
With its second bankruptcy bid for LTL management, a subsidiary founded by J&J to settle claims – the company made a settlement offer of $8.9 billion. Gold bond talc free spray. While one group of law firms representing plaintiffs support the proposal, another group opposes the deal.
The previous week, the opposition group, which is known as”the Official Committee of Talc Claimants in the bankruptcy court, demanded to dismiss the case by arguing that LTL is not considered to be financially distressed.
“The filing is an incredibly legal and ineffective attempt by a small number of law firms to try to prevent claimants from voting on the resolution plan–a plan that the overwhelming majority of claimants support,” J&J’s litigation chief Erik Haas, said in a statement. Gold bond talc free spray. “The law firms involved in this filing have financial interests that clash with, differ from and infringe on the rights they represent. We’ll submit a response in the appeals court.”
Gold bond talc free spray. Clay Thompson, a lawyer for MRHFM which includes more than mesothelioma patients who have sued J&J claimed that J&J’s second bankruptcy effort will fail.
“J&J issue press releases about how great its plan is, while insisting that the details of its plan–including the treatment each sick person will be treated to,” Thompson said in a statement. “What is J&J’s plan to hide?”
Kaplan has commanded the parties to come up with another strategy for reorganization, under supervision of two mediators.
As of February 2022 Kaplan acknowledged J&J’s recourse to Chapter 11 to hasten a settlement that would free J&J from the tens of thousands of claims regarding its talcum products.
However, in January of this year, an appeals court of the federal government overturned the ruling, ruling that the business could not be considered to be in “financial distress.”
When J&J’s attempt to contest the U.S. Supreme Court was turned down the same month, J&J was granted a second petition for 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 an additional bankruptcy.
J&J’s unstoppable profit engine sputters after $6.9B cost of litigation involving talc.
With the two Chapter 11 attempts, J&J has purchased 19 months of which cases have been suspended. Gold bond talc free spray. The company is requesting that claimants accept their settlement. J&J requires 75% of the vote in order for the agreement to be accepted.
In addition to the group of talc attorneys who have panned LTL’s bankruptcy plan as well, the U.S. Trustee is an arm belonging to the U.S. Department of Justice, also filed an appeal to dismiss LTL’s second bankruptcy.
In a letter filed this week, U.S. trustee Andrew R. Vara wrote that the doors of bankruptcy courts are “open to honest, but naive debtors.” These doors “are not open to any parties that do not have a legitimate objective or seek to use the bankruptcy process to delay or hinder their creditors.” Vara continued.
For its part, J&J maintains there is no proof conclusive that their Talc-based products, such as its iconic 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 next year.
J&J intends to steer clear of the costly business of going to court. It has won the majority of the cases that have been decided through trial, though certain losses have been extremely severe.
A highly-publicized trial in Missouri ended in a $4.7 billion verdict against the drugmaker, which was later reduced to $2.1 billion after appeals.
Johnson & Johnson faces high-stakes hearing over ‘Texas Two Step’ talc strategy: report
Overall, J&J has lost nine trial involving talc that are on appeal or have been resolved. Out of 41 trials 32 of them ended in an outcome for J&J as well as mistrials or verdict of a plaintiff dismissed after appeal. Gold bond talc free spray. Additionally, the company in 2020 sought to settle around 1000 cases for the sum of $100 million. Bloomberg reported at the time.
Talcum Baby Powder Ovarian Cancer Lawsuit – Gold Bond Talc Free Spray
Our lawyers handle baby powder lawsuits across every state. The lawsuits involving talcum powder in the case of Johnson & Johnson have been in the process for several years. Gold bond talc free spray. The lawsuits claim that the long-term use of talcum powder (or “talc”), the active ingredient in products such as the Baby Powder or Shower to Shower which can cause ovarian cancer in some women.
This article provides an J&J Talc Power Update and discusses how the upcoming bankruptcy ruling impacts the ultimate settlement amount of these cases of ovarian cancer.
Is the deadline for you to start a lawsuit against talcum powder? Many people who think the statute of limitations 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 – Gold Bond Talc Free Spray
June 2 2023 Update: In the trial for asbestos-containing talc which took place in California yesterday, some technical issues interrupted the opening statements of the defense lawyers. Gold bond talc free spray. Jurors from home on Zoom, did hear Johnson & Johnson’s lawyer expressing doubt about the 70s research asserting the presence of asbestos in their product prior to the opening was abruptly ended.
Meanwhile, the plaintiff was able to present its first expert witness Arthur Langer. Langer said that the presence of additional minerals along with talc is expected. He testified that his team advised J&J in the year 1971 of the presence of asbestos chrysotile in the talc of the company, but with just 0.1 percent. He also discovered more asbestos in 1976.
June 1st, 2023 Update Gold bond talc free spray. A trial for the first time since J&J has decided to separate its Talc division and declare bankruptcy is a pivotal moment within the ongoing lawsuit controversy. Trial began yesterday in the tragic case of a young 24-year-old plaintiff who was diagnosed with a rare and aggressive form of mesothelioma in the past year, which both sides acknowledge is a tragedy of a different kind.
The opening statements exposed the sharp differences in the two sides’ story. The attorney representing the plaintiff aimed his ire at Johnson & Johnson, alleging that the company employed deceitful techniques in its research practices and throughout the litigation process. The attorney claims that, according to, Johnson & Johnson tried to alter the definition of asbestos in spite of internal documents from 1998 and 1994 that show asbestos fibers that were found in the tissues of the plaintiff are part of.
Johnson & Johnson’s precarious $8.9 billion settlement deal hangs in the balance with the progression of this trial. Despite the particularity of this mesothelioma lawsuit and the unique issues it faces compared to most talcum powder lawsuits, a verdict favoring the plaintiff could cause an unintended setback to Johnson & J’s expectations of widespread acceptance of their settlement proposal among plaintiffs.
May 31 2023 Update: Johnson & Johnson’s bankrupt talc division was able to defend its Second Chapter 11 filing in the opposition of victims of talc injuries. In an objection submitted to the New Jersey bankruptcy court, it argued that the case was distinct from the previous 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 talc free spray. The issue is not discussed: whether this amount indicates that it is an equitable settlement. J&J also claimed that it received support from several plaintiffs’ legal firms that represent over sixty thousand claimants. This is hard to verify but it’s likely to be false.
May 24 2023 Update: As of Johnson & Johnson’s bankruptcy in 2021 filing, the very first trial regarding the cosmetic talc products it claims to that contain asbestos is scheduled to begin jury selection on Monday, May 24, California in Alameda County Superior Court, the most favored location for plaintiffs. The plaintiff claims that his mesothelioma is the result of asbestos exposure resulting from J&J’s products, an allegation that the company does not deny. The trial also involves six retailers accused of selling talc-containing products.
May 22, 2023 Update: Lawyers in the 2nd J&J Talc bankruptcy are currently fighting over who should be chosen to fill the role of future claims representative. This is a role that is critically essential in resolving the Talc claims. Gold bond talc free spray. Randi Ellis, a lawyer who is frequently involved in MDLs all over the nation was appointed the claims representative in the previous bankruptcy. J&J’s defense group wants Ellis to be appointed to this position in the future, however lawyers representing the talc plaintiffs are objecting due to the fact that Ellis has an unrelated conflict of interest that should prevent her from assuming that position once more. The issue stems from the issue that Ellis was apparently involved in drafting the hotly contesting second bankruptcy, which raises questions about her capability to remain neutral. However, the reality is that the bankruptcy will be dismissed regardless.
May 17th, 2023 Update: The fake company J&J created to handle the bankruptcy of talc has informed a New Jersey bankruptcy court that they had allocated $400 million to settle the claims of states that accuse the company of deceptive advertising for its talc product. Gold bond talc free spray. So that makes it an $8.5 billion settlement for cancer victims. It’s difficult to imagine a scenario where J&J can get these baby powder settlements through at these numbers. While J&J’s $8.5 billion offer sounds like a lot of money initially, it does not appear appealing when you consider the math. This settlement proposal – by our rough calculations, would not pay victims much more than $100,000 per instance. That’s not enough.
May 15 2023 update: J&J is potentially facing a lawsuit from an advocacy group representing cancer victims. Gold bond talc free spray. The group claims that J&J deliberately withdrew the $61.5 billion fund-raising agreement in conjunction with its affiliate, LTL Management LLC, to simulate financial stress and validate the unit’s Chapter 11 bankruptcy filing. The group asserts this action is a fraud transfer of the rights of victims’ compensation. They plan to explore J&J’s actions in the wake of the dismissal of the first bankruptcy case of LTL.
May 10, 2023 Update: Next week this week, the U.S. Bankruptcy Court in New Jersey will hear oral arguments on a petition to dismiss the second bankruptcy petition filed that was filed by J&J subsidiary LTL Management. In the meantime, however the bankruptcy has issued an order that requires both parties to take part in a new settlement negotiation to see if an international settlement agreement can be brokered.
May 5, 2023 Update: Talc supplier Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to numerous lawsuits alleging its talc products cause cancer due to asbestos exposure. Gold bond talc free spray. More than 2700 people have filed lawsuits against the firm, and it was paying $1 million per month to defend itself. The company’s most recent $29 million verdict at the Supreme Court of South Carolina forced it to seek bankruptcy protection, arguing that assets should be distributed in an equitable manner to talc claimants, rather than being confiscated by the receiver. Other talc suppliers have also declared bankruptcy because of lawsuits.
May 4, 2023 update: U.S. The bankruptcy Judge Michael Kaplan has directed Johnson & Johnson to relaunch negotiations with lawyers who rejected Johnson & Johnson’s $8.9 billion offer for settlement. The court in Trenton, New Jersey yesterday the parties appeared before a judge to discuss next steps in their second bankruptcy matter. Judge Kaplan was pushing for more settlement discussions.
This is the solution to settle these claims with J&J. The baby powder settlement is likely to be achieved. Gold bond talc free spray. However, it will require more money, more billions of dollars of Johnson & Johnson.
Lawyers have a split opinion on whether to accept the proposal and not all clients view this issue the same way their lawyer does. This second case of bankruptcy is bound to fail with Judge Kaplan has scheduled a hearing for June to determine whether to remove the bankruptcy after the second.
May 3, 2023 Update A group of cancer victims suing Johnson & Johnson (J&J) requested that J&J’s Third Circuit halt the bankruptcy filed by J&J subsidiary LTL Management, claiming it is an attempt to halt litigation regarding talc-related products. The committee representing talc claimants has filed a motion this week requesting for the Third Circuit to consider their case and send it back before a court of lower jurisdiction with instructions to discharge the bankruptcy. Gold bond talc free spray. They also asked that stopped tort litigation against J&J should be permitted to proceed.
LTL applied for Chapter 11 protection once again following its bankruptcy filing that was denied in the Third Circuit earlier this year and offered an $8.9 billion settlement. The committee argues that the recent ruling which allowed LTL’s second Chapter 11 to continue, and also stopping trials against J&J, warrants urgent Third Circuit review. The US Trustee also asked that an New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s vice president for global litigation, Erik Haas, was quoted by Bloomberg declaring that J&J plans to file a formal response in the appeals court characterizing the filing as an “desperate and legally inadequate effort” by a handful of law firms with competing financial interests.
May 1st, 2023 Update: One frequently asked question is how could the plaintiffs’ lawyers and their clients turn off $8.9 billion. Of course, that is an immense amount of money. But there are plenty of victims. Gold bond talc free spray. And these are really good arguments for plaintiffs. We were reminded of this last week by two talc-related trials that led to huge verdicts for the plaintiffs. In February the mesothelioma case involving talcum 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 the court within South Carolina and resulted in the verdict of $29 million for the plaintiff. Both cases were defended by Whittaker, Clark & Daniels Inc. which is one of the top producers of talc in the U.S.
April 30 2023 Update: J&J first tried to bring the lawsuit over talcum powder into bankruptcy, they came with the option of putting aside $2 billion for settlements. This was an absurdly low amount. All of the talc plaintiffs supported it. This time, J&J has increased the offer to $8.9 if the talc plaintiffs will allow a bankruptcy settlement and also has the support of a substantial part of the talc-related plaintiffs and their attorneys. Gold bond talc free spray. However, 75% of plaintiffs of talc are required to approve bankruptcy plans It’s a long and difficult process since there are so many lawyers with large inventory 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 plaintiffs have demanded a judge dismiss 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 requested Chapter 11 to settle tens of thousands of claims that J&J’s baby powders caused cancer. Gold bond talc free spray. It was the 3rd Circuit dismissed its first Chapter 11 case in January and said that the company was not eligible for bankruptcy relief because it did not show financial distress.
The claimants argue that the 2nd Chapter 11 case is an fraud on the bankruptcy system, and that it’s being conducted in bad faith. J&J claims the bankruptcy settlement receives “significant support” from firms representing about 60,000 potential claimants. It is fair to say that the plaintiffs’ attorneys and victims ‘ lawyers are not united over this $8.9 billion amount of settlement offered.
April 21st, 2023 Update A bankruptcy judge ruled that Johnson & Johnson must face new lawsuits claiming that the company sold baby powder that was contaminated and causing cancer. While trials in talc lawsuits are paused for a minimum of 60 days but new lawsuits can be filed, and lawyers may begin to prepare their cases. Gold bond talc free spray. The judge expressed his doubts about J&J’s pathetic attempt to revive its strategy with a second bankruptcy case.
April 13, 2023 update: the big update is about the $8.9 billion over 25 years settlement offer. Lawyers representing cancer patients who are part of MDL class action MDL group action pledged to fight the settlement with those who claim talc. Why? They feel it’s not enough to pay for those suffering from cancer who are 70,000. Gold bond talc free spray. These lawyers believe that J&J should seek a bigger settlement or litigate individual claims in the event that the latest bankruptcy is thrown out.
There is a different set of lawyers who are not part of the leadership group in the class action. These lawyers have collectively amassed hundreds of thousands of cases. The group is seeking to settle the case now for what is believed to be far less than what these victims deserve. Their argument appears to be twofold. First, they argue the settlement of around 100,000 dollars per plaintiff is fair.
This is an argument that is difficult to make. However, their second argument has more substance: the victims will be no longer patient and demand their money now.
April 12 2023 Update: Some people are wondering if J&J can file for bankruptcy again. The answer is complicated and convoluted. However, let’s attempt to explain it simply.
Johnson & Johnson asserts that bankruptcy is the only method to settle both present and future talc litigations in a definitive manner. That is, it thinks it can get a lower rate if there is an element of bankruptcy that puts pressure to negotiate a settlement. Gold bond talc free spray. Moving past 400 years of American history, the company argues that bankruptcy benefits all parties by distributing settlements more fairly and efficiently than trial courts, which are where litigants get significant payouts, while others are left with nothing.
The gist in the 3rd Circuit decision was this isn’t a case that involves a profitable company making an affiliate to accept the legal burden and declare bankruptcy – something Congress had in mind when it came to drafting the Bankruptcy Code. However, it also stated that the subsidiary was not financially difficulty due to the fact that J&J promised unlimited funding.
Then J&J decided to go with the unlimited funding portion of the contract and didn’t make any promises to provide unlimited funding for the litigation. The company says that its new financing agreements with its subsidiary address concerns of the appeals court while supplying funds for claim payments. As if offering victims less money will solve the overall issue.
Lawyers representing cancer victims who do not agree with the agreement counter this argument by saying that it is countering legal nonsense with legal nonsense: J&J fraudulently transferred $50 billion in assets to LTL Management to circumvent the appeals court’s decision. Hyperbole is not exempt: victims’ lawyers call it the biggest “fraudulent move of assets in United States history.”
Despite all the legal jargon, J&J does not really think this bankruptcy will survive. However, it’s a means of trying to push this $8.9 billion settlement, and to keep pressure on plaintiffs.
April 10 2023, Update Bloomberg offers an informative report on a brand new law in New Jersey that is shedding new light on litigation funding in the baby powder plaintiffs in the class action. The funders who fund litigation Virage Capital Management and TRGP Capital invested in hundreds of lawsuits against Johnson & Johnson (J&J) over talc products in exchange for a portion of any profits. J&J is now offering the payment of $8.9 billion in settlements for all lawsuits.
The involvement of funders is publicly available due to a New Jersey court rule requiring the disclosure of certain information about outside funding backers. The rules aim to respond to the increasing calls for the regulation of lawsuit funders. J&J faces over 60,000 claims when you combine federal and state baby powder lawsuits. Third-party funding of mass tort cases has both pros and cons. But there is no question that we are witnessing how third-party financing can help level the playing field between individual and big corporations in court.
April 4 2023 Update: It is interesting to watch the worm turn in this case. J&J has taken another blow this week, when it was found that the Third Circuit denied J&J’s request to continue the automatic stay while J&J appeals an order granting bankruptcy before the U.S. Supreme Court. Automatic stays have frozen thousands of talcum powder cases and stopped any the filing of new lawsuits ever since J&J launched the controversial attempt to spin the talc liability into a bankrupt subsidiary over one year ago. Gold bond talc free spray. After the 3rd Circuit ruled that this bankruptcy was not valid only a few months back, the stay was lifted. J&J had hoped to have it remain in effect until an appeal to the SCOTUS appeal. The answer was no.
April 1st, 2023 Update Johnson & Johnson announced it will appeal its 3rd Circuit bankruptcy loss to the U.S. Supreme Court last week. The chance of the Supreme Court is willing even to consider the appeal? Low.
March 16 2023 Update: With the bankruptcy stay being officially lifted, the first new cases were filed and incorporated into the Talcum Powder class action MDL in just over a year. Seven new talc-related lawsuits were included in the MDL in the past month increasing the number of cases in the pending process 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) launch an investigation into the cost J&J product containing talc has cost the government over the many years.
Recently, in an open letter to the GAO, Rep. Steven Cohen (D-Ten.) in a recent letter to the GAO, Rep. Steven Cohen (D-Ten. J&J of ignoring the dangers of its talc-based products for many years, while tax dollars were spent treating those injured by exposure to the product. This lawsuit comes a few weeks after J&J’s significant loss in the 3rd Circuit Court of Appeals.
Gold bond talc free spray. J&J must begin making fair settlement offers to victims, in order getting this behind it. It is a stain on one of the world’s greatest companies.
February 14 2023 Update: At an appearance today at the hearing in New Jersey, U.S. Bankruptcy Judge Michael Kaplan announced his intention to follow his 3rd U.S. Circuit Court of Appeals ruling to dismiss the bankruptcy case.
You May be Entitled to Significant Compensation Gold bond talc free spray. 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!