You May be Entitled to Significant Compensation Gold bond talc vs talc-free 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 would pay $440 million US state AGs. Gold Bond Talc Vs Talc-Free Reddit .
Johnson & Johnson (JNJ.N) has set aside $400 million to address U.S. state consumer protection actions as part of a broader $8.9 billion settlement of claims that its Baby Powder and other talc items cause cancer. Gold bond talc vs talc-free reddit.
J&J affiliate LTL Management filed a bankruptcy plan in New Jersey late on Monday which outlines how the company plans to pay different kinds of cancer sufferers in an arrangement for bankruptcy. Gold bond talc vs talc-free reddit. J&J has stated that its talc products are safe and do not cause cancer. J&J is seeking an additional time to conclude more than 38,000 lawsuits in bankruptcy, and to prevent any new cases from being filed in the future.
LTL’s bankruptcy plan will pay $400 million to an additional trust to settle lawsuits filed with state attorneys general alleging that J&J violated laws against unfair business practices in the State of New York and consumer protection laws through misleading consumers regarding the safety of its talc products.
Several states had begun consumer protection lawsuits against J&J before LTL’s first bankruptcy filing stopped those investigations from proceeding in 2021. Gold bond talc vs talc-free reddit. New Mexico and Mississippi had already initiated suits in the past against Johnson & Johnson before then, and the states of Arizona, Maryland, North Carolina, Texas and Washington had issued civil investigative demands or subpoenas, according to LTL’s court papers.
New Mexico and Mississippi have decided to declare LTL’s bankruptcy unfinished in a joint move with cancer victims and the U.S. Justice Department’s bankruptcy watchdog. They have argued that a profitable business like J&J does not qualify for bankruptcy protections designed for those struggling with debt.
The company’s initial attempt to resolve the bankruptcy-related lawsuits was rejected after the same arguments, when a U.S. appeals court determined it was not LTL wasn’t in “financial financial distress” and ineligible of bankruptcy protection. Gold bond talc vs talc-free reddit. LTL had filed for bankruptcy again in just two hours following the decision to dismiss, arguing that its second attempt was different due to the fact that it had less money available and had more support for the settlement.
New Mexico and Mississippi said in their motion to dismiss that LTL’s renewed bankruptcy violates state law enforcement powers by attempting unilaterally to cap LTL’s liability to state consumer protection laws.
Gold Bond Talc Vs Talc-Free Reddit
LTL’s recent filings also provided more information about how the company would assess and pay claims for cancer when the bankruptcy plan is approved.
The largest amount of money under the settlement will be $500,000 for those diagnosed with cancer of the mesothelioma ovary before age 45, and $260,000 for patients diagnosed with advanced ovarian cancer prior to age 45.
The proposed settlement applies discounts depending on the severity and type of the cancer, the person’s age, previous using talc and other factors. Gold bond talc vs talc-free reddit. For instance an individual who was using the talc product on a regular basis, had a family history of ovarian cancer and was diagnosed with the stage 2 ovarian cancer at the age of 55 may be eligible for a $21,125 payment under the settlement plan.
Judge ordains J&J and talc opponents take part in settlement talks.
After another round of hearings in Johnson & Johnson’s attempt to use 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 talks to reach a settlement, Bloomberg reports.
In its second bankruptcy effort for LTL Management–a subsidiary established by J&J to settle claims – the company offered a settlement amounting to $8.9 billion. Gold bond talc vs talc-free reddit. While one group of law firms representing plaintiffs supports the proposal, another group opposes the deal.
Earlier this week, the opposition group, dubbed the Official Committee of Talc Claimants in the bankruptcy court, demanded to dismiss the case saying that LTL is not considered to be to be in financial trouble.
“The filing is a desperate and legally ineffective attempt by a handful of law firms 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. Gold bond talc vs talc-free reddit. “The law firms behind their filing are financially oriented and have conflicts that do not align with, differ from and contravene those that their customers. We’ll be submitting an answer an appeal to the appellate court.”
Gold bond talc vs talc-free reddit. Clay Thompson, a lawyer for MRHFM, which includes more than mesothelioma victims who have filed lawsuits against J&J, said that the company’s second bankruptcy try will fail.
“J&J sends out press releases about how wonderful its plan is, while demanding that plan details–including what 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 arrangement plan under supervision and supervision of mediators.
In February 2022, Kaplan confirmed J&J’s use of Chapter 11 to hasten a settlement that would free J&J from the tens of thousands of claims regarding its talcum products.
But in January of this year, a federal appeals court overturned the decision, ruling that the firm could not be considered to be in “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 to that move, Kaplan froze the lawsuits for 60 days in order to determine whether to grant another bankruptcy.
J&J’s unstoppable profit engine sputters after $6.9B the talc litigation cost.
With 2 Chapter 11 attempts, J&J has been able to buy 19 months in which the cases were held. Gold bond talc vs talc-free reddit. The company would like claimants to decide whether they want to accept the settlement. J&J requires 75% support for the deal to pass.
In addition to the gang of talc lawyers who criticised the bankruptcy of the company and the U.S. Trustee, an arm that is part of the U.S. Department of Justice has also filed a motion to dismiss LTL’s second bankruptcy case.
In a statement this week, U.S. trustee Andrew R. Vara wrote that the bankruptcy courts are “open to honest but unfortunate debtors.” These doors “are not accessible to those that do not have a legitimate goal or who 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, can cause cancer. J&J has taken the products of the market–first to be available in North America in 2020–and the remainder of the globe later this year.
J&J is determined to stay clear of the costly business of going to court. It has won the majority of the cases that were decided through trial, though some losses have been harsh.
A high-profile trial in Missouri ended in a $4.7 billion verdict against the drug maker but 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 cases in talc which are on appeal or have been resolved. Of the 41 trials, 32 of them ended in a win by J&J either through a mistrial or plaintiff verdict that was dismissed upon appeal. Gold bond talc vs talc-free reddit. Additionally, the company has announced plans to settle nearly 1,000 cases for $110 million. Bloomberg reported at the time.
Talcum Baby Powder Ovarian Cancer Lawsuit – Gold Bond Talc Vs Talc-Free Reddit
Our lawyers handle baby powder lawsuits across all 50 states. The talcum powder lawsuits on behalf of Johnson & Johnson have been going on for a long time. Gold bond talc vs talc-free reddit. The lawsuits assert that long-term use of talcum powder (or “talc”), the active ingredient in products such as the Baby Powder as well as Shower to Shower and Shower to Shower, could cause cancer of the ovary in certain women.
This article provides a J&J Talc Power litigation update and discusses how the upcoming bankruptcy ruling will impact the final settlement amount of the cases of ovarian cancer.
Have you reached the deadline by which you to file a talcum powder lawsuit? Many who assume the deadline has passed to sue Johnson & Johnson are wrong. Call us today 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 Vs Talc-Free Reddit
June 2 2023 Update: During the asbestos talc trial at the trial in California yesterday, some technical glitches interrupted the opening speech of defense attorneys. Gold bond talc vs talc-free reddit. The jurors, attending from their homes via Zoom and hearing the Johnson & Johnson’s lawyer expressing doubt about the science of the 70s asserting the presence of asbestos in their product before the session abruptly ended.
The plaintiff was able to present an initial witness Arthur Langer. Langer stated that the presence of additional minerals along with talc is inevitable. He testified that his team was notified by J&J in 1971 about the presence of chrysotile asbestos within the talc produced by the company, although in lower than 0.1 percent. The asbestos was discovered by him in 1976.
June 1st, 2023 Update: Gold bond talc vs talc-free reddit. This is the first court trial that has taken place since J&J decided to spin off its Talc segment and file for bankruptcy is an important point within the ongoing lawsuit drama. The trial started yesterday in the tragic case of a young, 24-year-old plaintiff, diagnosed with a rare and aggressive form of mesothelioma in the past year, which both sides acknowledge is a harrowing tragedy.
Opening statements revealed the sharp differences in the two sides’ story. The attorney for the plaintiff took aim against Johnson & Johnson, alleging that the company employed deceitful techniques in its research practices and throughout the litigation procedure. 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 fibers discovered in the tissue of the plaintiffs are included.
Johnson &J’s highly uncertain $8.9 billion settlement is hanging in the balance with the progress of this trial. Despite the distinctive nature of this mesothelioma-related case and its unique challenges compared to most talcum powder lawsuits and a decision in favor of the plaintiff could result in a serious setback to J&J’s hopes for broad acceptance of their proposed settlement with plaintiffs.
May 31st, 2023 Update: Johnson & Johnson’s bankrupted talc unit has vigorously defended its Second Chapter 11 filing in the in the face of challenges from the talc injury plaintiffs. In an opposition filed with the New Jersey bankruptcy court, the subsidiary argued that the situation differed fundamentally from the previous filing. The subsidiary emphasized the record-breaking commitment of $8.9 billion in settlement from J&J the largest ever settlement in the history of a mass tort bankruptcy. Gold bond talc vs talc-free reddit. It was not mentioned how this amount means it is an equitable settlement. J&J also claimed support from several plaintiffs’ legal firms representing more than 600,00 claimants. This is difficult to verify but it’s likely to be false.
May 24 2023 Update: In the wake of Johnson & Johnson’s bankruptcy in 2021 filing, the first trial concerning its cosmetic talc items allegedly that contain asbestos is scheduled to begin jury selection on Monday in California with Alameda County Superior Court, which is a well-known court for plaintiffs. The plaintiff claims that his mesothelioma was caused by asbestos exposure resulting from J&J’s products which the company has denied. The trial also involves six retailers who are accused of selling talc-containing products.
May 22nd, 2023 Update Lawyers involved in the second J&J Talc bankruptcy are currently disputing who should be chosen to fill the position of future claims representative, which is vitally critical to resolving claims involving talc. Gold bond talc vs talc-free reddit. Randi Ellis, a lawyer who regularly appears in MDLs throughout the country, was appointed as the claims representative during the first bankruptcy. J&J’s defense team would like Ellis to be appointed to that role yet again, but the lawyers for the plaintiffs in talc are arguing to the claim that Ellis has an unrelated conflict of interest that should prevent her from taking on that role again. The issue stems from the fact that Ellis was involved in drafting the controversially contesting second bankruptcy, which raises concerns about her ability to be neutral. However, the reality is that this bankruptcy is likely to be tossed out anyway.
May 17th, 2023 Update: The pretend company that J&J formed to handle the bankruptcy of talc has informed a New Jersey bankruptcy court that they have allocated $400 million to settle claims made by states accusing the company of deceptive advertising for its talc products. Gold bond talc vs talc-free reddit. So that makes it an $8.5 billion settlement to cancer victims. It’s difficult to envision any scenario in which J&J can push these settlements for babies in these figures. Although J&J’s $8.5 billion offer may seem like a lot of money initially, it does not appear appealing when you do the math. This settlement proposal – by our estimates – will not pay victims much more than an average settlement $100,000 per instance. This isn’t enough.
May 15th, 2023, Update J&J might be facing suit from an advocacy group that represents cancer victims. Gold bond talc vs talc-free reddit. The group claims J&J intentionally withdrew an $61.5 billion fund-raising agreement together with its parent company, LTL Management LLC, in order to create a false sense of financial distress and to validate the company’s Chapter 11 bankruptcy filing. The group claims that this move amounts to a fraudulent transfer of rights of compensation for victims. They will investigate J&J’s actions as a result of the decision to dismiss LTL’s first bankruptcy case.
May 10 2023 Update: Next week, next week, the U.S. Bankruptcy Court in New Jersey will hear oral arguments on a petition to dismiss the second bankruptcy filing by J&J company LTL Management. In the meantime it has approved an order calling for both parties to take part in a second settlement mediation in the hope that the global settlement can be brokered.
May 5 2023: Update on Talc producer Whittaker, Clark & Daniels filed for Chapter 11 bankruptcy due to many lawsuits claiming that its talc products cause cancer due to asbestos exposure. Gold bond talc vs talc-free reddit. More than 2700 people have filed lawsuits against the firm, and it was paying $1 million per month to defend its legal position. The company’s latest $29 million verdict that was handed down in South Carolina forced it to apply for bankruptcy protection and argue for a fair distribution of assets between the claimants of talc instead of being taken in the hands of the receiver. Other suppliers of talc have been forced to file for bankruptcy as a result of lawsuits.
May 4 2023 Update: U.S. Court of Bankruptcy Michael Kaplan has directed Johnson & Johnson to restart settlement discussions with lawyers who have rejected the company’s proposed $8.9 billion deal. It was in Trenton, New Jersey yesterday the parties appeared before a judge to discuss the next steps for their second bankruptcy matter. Judge Kaplan encouraged further settlement talks.
This is the way to settle these claims with J&J. A settlement for baby powder can be achieved. Gold bond talc vs talc-free reddit. But it’ll need more money, more billions of dollars – from Johnson & Johnson.
Lawyers are split on whether to accept the proposal and not every client sees the issue the same way their attorney does. This second case of bankruptcy is likely to fail, with Judge Kaplan has scheduled a hearing for June to determine if she will remove the bankruptcy after the second.
May 3 2023 Update A group of cancer victims who are suing Johnson & Johnson (J&J) asked 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 made a motion Tuesday, asking the Third Circuit to consider their case and send it back to a lower court with instructions to dismiss the bankruptcy. Gold bond talc vs talc-free reddit. The committee also requested that the stoppage of tort litigation against J&J should be permitted to proceed.
LTL requested Chapter 11 protection once again after its first bankruptcy filing was denied by the Third Circuit earlier this year and offered the possibility of an $8.9 billion deal. The committee says that the recent ruling which allowed 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 be the New Jersey bankruptcy court dismiss the LTL bankruptcy case. J&J’s worldwide vice president of litigation Erik Haas, was quoted by Bloomberg declaring that J&J plans to file a formal response in the appeals court declaring the filing an “desperate and legally deficient move” by a handful of law firms with conflicting financial interests.
May 1 2023 Update: One common question that people ask is how plaintiffs and their attorneys turn on $8.9 billion. That’s of course an immense amount of money. But there are a lot of victims. Gold bond talc vs talc-free reddit. These are an excellent arguments for plaintiffs. We were reminded of this last week when two talc cases resulted in big verdicts for the plaintiffs. In February mesothelioma cases, a talcum powder trial in Oregon ended in a verdict that was $18.1 million. In the same month, a different mesothelioma talc case was brought to the court in South Carolina and resulted in a verdict of $29million for the plaintiff. It was the same defendant as in these cases: Whittaker, Clark & Daniels Inc., one of the largest manufacturers of talc in U.S.
April 30 2023 Update: In the year 2023, when J&J initially tried to take the talcum powder litigation into bankruptcy, it did so with an offer to put aside $2 billion to settle the case. It was a ridiculously small amount. None of the talc plaintiffs agreed with the offer. This time around, however, J&J has increased the offer to $8.9 If the talc plaintiffs agree to a bankruptcy settlement and they also have the backing of a significant segment of the talc plaintiffs and their attorneys. Gold bond talc vs talc-free reddit. But 75% of the talc plaintiffs, which is necessary for bankruptcy plan approval It’s a long and difficult process due to the sheer number of lawyers with huge collections of baby powder lawsuits that are opposed to the settlement.
What can be done to end the impasse? More billions.
April 25, 2023 Update Talc patients have requested a judge to reject their Chapter 11 case filed by LTL Management LLC, a absurdly fabricated Johnson & Johnson subsidiary, declaring that the company isn’t financially distressed. LTL has filed for Chapter 11 to settle tens of thousands of claims that J&J’s baby powders cause cancer. Gold bond talc vs talc-free reddit. LTL was denied Chapter 11 in January. 3rd Circuit dismissed its first Chapter 11 case in January in a ruling that said the company wasn’t eligible to receive bankruptcy relief because it did not show financial stress.
The claimants argue that the third Chapter 11 case is an abuse of the bankruptcy system and that it’s being conducted in bad good faith. J&J states that the bankruptcy settlement is backed by “significant support” from firms representing approximately 60,000 claimants. It is fair to say plaintiffs’ lawyers and the victims are split over their disagreement over the $8.9 billion settlement offer.
April 21st, 2023 Update: A bankruptcy judge has ruled the company Johnson & Johnson must face new lawsuits claiming that the company sold a baby powder that contained a chemical that causes cancer. Even though trials for talc lawsuits are paused for at least 60 days but new lawsuits can be filed and lawyers can begin preparing their cases. Gold bond talc vs talc-free reddit. The judge expressed skepticism over J&J’s absurd attempt to revive its plan with another bankruptcy case.
April 13, 2023 Update: big update is about the $8.9 billion over the course of 25 years offer for settlement. Lawyers representing cancer victims in MDL class action MDL class action have pledged to fight the settlement alongside those who claim talc. Why? They feel it’s not enough for those suffering from cancer who are 70,000. Gold bond talc vs talc-free reddit. The lawyers say that J&J could negotiate a greater settlement or settle individual claims if the most recent bankruptcy is thrown out.
There is a different group of lawyers outside of the leadership in this class action. They have amassed the equivalent of tens of thousands of lawsuits. They want to settle today in what many believe to be less than these victims deserve. Their argument appears to be twofold. They argue that the settlement – about 100,000 dollars per plaintiff is fair.
This argument isn’t easy to present. The second argument is more teeth: victims can no longer wait and want their money today.
April 12, 2023 Update: People are asking how J&J could file for bankruptcy again. The answer is complex and complex. But let’s try to explain it clearly.
Johnson & Johnson asserts that bankruptcy is the only way to address both present and future talc-related lawsuits definitively. In other words, it believes it can pay less in the event of a bankruptcy element that creates pressure to negotiate a settlement. Gold bond talc vs talc-free reddit. Moving past more than 400 years in American time, the business asserts that bankruptcy benefits all parties by distributing settlement payments more equitably and efficiently than trial courts, where some litigants receive significant settlements while others get nothing.
The basic tenet in this 3rd Circuit decision was this is not a matter of an enterprise that is profitable, forming a subsidiary to take the legal liability and declare bankruptcy – Congress considered when it was drafting the Bankruptcy Code. But it also said it was not financially trouble because J&J promised unlimited funding.
Thus, J&J took advantage of the funding unlimited part of the holding and didn’t make any promises to fund unlimited cases. The company says that its modified financing arrangements with its subsidiary addresses the appeals court’s concerns, while offering funds to pay claims. In the hope that offering victims less money would solve the overall issue.
Lawyers representing cancer patients who are against the agreement argue this argument by saying that it is a defense against legal nonsense by pointing out legal nonsense: J&J fraudulently transferred $50 billion in assets to LTL Management to circumvent the appeals court’s decision. The hyperbole wasn’t spared by the victims’ lawyers, who call this the biggest “fraudulent deal that has occurred in United States history.”
In spite of the legal jargon, J&J does not really think this bankruptcy will survive. But it is a way of trying to push this $8.9 billion settlement to keep the pressure on plaintiffs.
April 10 2023 update: Bloomberg offers an informative report on a brand new law that has been passed in New Jersey that is shedding new light on litigation funding in the plaintiffs in the class action. Funders for 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 an offer of $8.9 billion to settle lawsuits.
The involvement of funders is public knowledge because of a New Jersey court rule requiring the release of certain details about funders outside the state. The rule aims to tackle the growing demands for the regulation of litigation funders. J&J has more than 60,000 claims when you include state and federal child powder-related lawsuits. Third-party funding of mass tort cases has its pros and cons. There is no doubt that we are witnessing how third-party funding can level the playing field between individual and large corporations in court.
April 4, 2023 Update: It’s interesting to watch the worm turning 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 maintain the automatic stay while J&J appeals a bankruptcy ruling at the U.S. Supreme Court. This automatic stay frozen 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 back. Gold bond talc vs talc-free reddit. When 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 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 for the Supreme Court is willing even to take up the appeal? Low.
March 16, 2023 Update: with the bankruptcy stay being officially lifted, the very first new cases have been filed and transferred into the talcum powder class action MDL in the space of a year. Seven new talc cases were brought into the MDL over the last month which brings the total number of cases pending to 37,522.
February 25, 2023 Update: A Congressmen from Tennessee is now calling for authorities from the U.S. Government Accountability Office (GAO) launch an investigation to determine how much J&J talc products have cost the government over the decades.
in a letter to the GAO, Rep. Steven Cohen (D-Ten.) claimed that J&J of ignoring the risks of its talc products over decades while tax dollars were utilized to treat people injured by exposure to the product. The demand comes just weeks following J&J’s dramatic loss in the 3rd Circuit Court of Appeals.
Gold bond talc vs talc-free reddit. J&J should begin to make fair settlement offers to victims to to put all of this behind. This is a disgrace to one of the most prestigious firms.
February 14 , 2023 Update: At an earlier hearing 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 vs talc-free 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!