J&J Investors Call For Global Talcum Powder Recall In Face of Ovarian Cancer and Asbestos Concerns
The proposal would force Johnson & Johnson to hold a shareholder vote on whether it should continue talcum powder sales worldwide.
The proposal would force Johnson & Johnson to hold a shareholder vote on whether it should continue talcum powder sales worldwide.
Bankruptcy law experts note that the filing is an abusive tactic that could have far-reaching ramifications for the legal system
Some representatives of child sexual abuse survivors say the payouts being proposed by the Boy Scouts is too low.
The JPML says the stay on the litigation will not hinder the transfer of new cases into the MDL.
Four days of hearings are scheduled to consider arguments over whether Johnson & Johnson bankruptcy in the talcum powder litigation are legal and should continue
The court plans to appoint Ken Feinberg, who negotiated massive Roundup settlements and oversaw 9/11 victims compensation fund
Johnson & Johnson execs also edited the supposedly independent talcum powder risk assessment report without the FDA's knowledge, the documents reveal
A halt in the litigation and the bankruptcy maneuver may pressure plaintiffs to negotiate the creation of a trust fund which is likely to pay out far less than they could win through trials and a settlement with J&J itself
Johnson & Johnson seeks to stay the litigation, as parties complete final discovery in preparation for the first federal talcum powder bellwether trials, which are scheduled to begin in April 2022
Plaintiffs rejected a $4 billion agreement in March, which would have only paid about $40,000 to ovarian cancer survivors.