All articles tagged with #talc
Originally Published 3 months ago — by CNBC
A Los Angeles jury ordered Johnson & Johnson to pay $966 million in damages after finding the company liable in a lawsuit where its talc baby powder was alleged to contain asbestos fibers causing mesothelioma in Mae Moore, who died in 2021. The verdict includes $16 million in compensatory damages and $950 million in punitive damages, though it may be reduced on appeal.
Originally Published 2 years ago — by BBC.com
Johnson & Johnson has reached a tentative $700m deal with over 40 US states regarding the investigation of its talc-based baby powder and other products. The company faces over 50,000 cases from people claiming the product caused cancer, with some alleging it contained asbestos. J&J has maintained the products were safe, but has faced significant legal battles and losses. The reported resolution of the state matters is seen as a step towards a global talc powder settlement in 2024.
Originally Published 2 years ago — by Yahoo Finance
Johnson & Johnson (JNJ) is facing "lingering uncertainties" in its legal fight over claims that its talc-based baby powder contained asbestos and caused cancer. The company is offering a settlement of $8.9 billion, more than four times its previous offer, but some claimants accuse J&J of manufacturing financial distress. A US bankruptcy court is expected to rule on whether the company can use a controversial bankruptcy strategy to dispose of roughly 100,000 claims. Analysts say a denial would force J&J to defend itself on a case-by-case basis, potentially costing the company time and money. The outcome of the legal battle remains uncertain, with individual talc cases resulting in significant awards for plaintiffs.
Originally Published 2 years ago — by Reuters
Johnson & Johnson has been ordered to pay $18.8 million to a California man who claimed that he developed cancer from using the company's baby powder. The jury ruled in favor of the plaintiff, Emory Hernandez Valadez, who alleged that he developed mesothelioma due to heavy exposure to J&J's talc since childhood. While the jury awarded damages for medical bills and pain and suffering, they did not grant punitive damages. However, due to a bankruptcy court order freezing most litigation over J&J's talc, Hernandez will not be able to collect the judgment for the foreseeable future. J&J plans to appeal the verdict, maintaining that their baby powder is safe and does not cause cancer.
Originally Published 2 years ago — by CNN
Johnson & Johnson has been ordered to pay $18.8 million to a California man who claimed that he developed cancer from using the company's baby powder. The jury ruled in favor of the plaintiff, Emory Hernandez Valadez, who alleged that he developed mesothelioma due to heavy exposure to J&J's talc since childhood. While the jury awarded damages for medical bills and pain and suffering, they did not grant punitive damages. However, due to a bankruptcy court order freezing most litigation over J&J's talc, Hernandez will not be able to collect the judgment for the foreseeable future. J&J plans to appeal the verdict, maintaining that their baby powder is safe and does not cause cancer.
Originally Published 2 years ago — by Reuters
Johnson & Johnson (J&J) has filed lawsuits against four doctors who published studies linking talc-based personal care products to cancer, accusing them of using "junk science" and seeking retractions or corrections. J&J is facing over 38,000 lawsuits alleging that its talc products, including Baby Powder, were contaminated with asbestos and caused various cancers. The company denies the allegations and is attempting to resolve the lawsuits through an $8.9 billion settlement in bankruptcy court. The lawsuits against the researchers are seen as an aggressive move by J&J to discourage other researchers and reclaim the narrative about talc safety. The doctors argue that the lawsuits are meant to "attack and silence" scientists and have a chilling effect on future medical research.
Originally Published 2 years ago — by CNBC
A US bankruptcy judge has temporarily halted around 40,000 lawsuits against Johnson & Johnson that claim its talc products caused cancer. The decision is part of J&J's second attempt to settle thousands of talc cases in bankruptcy proceedings. The pause will give J&J time to reach a permanent settlement with plaintiffs in the talc cases. The company recently proposed an $8.9 million settlement for current and future talc-related claims and said it expects to bring that plan to bankruptcy court in mid-May.
Originally Published 2 years ago — by Fox Business
Johnson & Johnson will pay $8.9 billion to settle all allegations that talc in its baby powder and other products caused cancer, which is more than quadruple what the company previously set aside for potential liability. A J&J subsidiary, LTL Management, filed for bankruptcy protection for a second time with the intent to present a reorganization plan containing the proposed settlement to a judge as soon as May 14. The $8.9 billion would be payable over the next 25 years to resolve all current and future talc claims.
Originally Published 2 years ago — by Reuters.com
Johnson & Johnson subsidiary LTL Management has filed for bankruptcy protection for a second time to pursue an $8.9 billion settlement to resolve tens of thousands of lawsuits alleging that talc in its Baby Powder and other products caused cancer. The settlement follows a January appeals court ruling invalidating J&J’s “Texas two-step” bankruptcy maneuver, in which it sought to offload the talc liability onto a subsidiary that immediately filed for Chapter 11. The J&J subsidiary filed for bankruptcy in New Jersey, the same jurisdiction where it faced the appeals court defeat.
Originally Published 2 years ago — by The Washington Post
Johnson & Johnson has agreed to pay $8.9 billion to settle claims that its talc-based baby powder caused cancer. The settlement will be paid to claimants over 25 years via a subsidiary that filed for Chapter 11 bankruptcy to set up a mechanism for the payouts. The company denies that its products containing talc cause cancer and says the settlement and bankruptcy filing do not mean it has changed its position.
Originally Published 2 years ago — by The New York Times
Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits claiming that its talcum powder products caused cancer. The proposed settlement, which requires approval by a bankruptcy court, will be paid out over 25 years through a subsidiary. If approved, the agreement will resolve all current and future claims involving Johnson & Johnson products that contain talc. The company's baby powder, although not a top seller, is one of its most recognizable brands, and many of the plaintiffs claimed that the talc used in the product was contaminated with asbestos, a known carcinogen.