Court Approves $2.5B Boy Scouts Sex Abuse Settlement Fund
Final approval of the Boy Scouts sex abuse settlement fund will allow the organization to move out of bankruptcy.
Final approval of the Boy Scouts sex abuse settlement fund will allow the organization to move out of bankruptcy.
Judge has rejected an attempt by 3M company to prevent more than 250,000 earplug hearing loss cases from going forward by placing its Aearo Technologies subsidiary into bankruptcy.
Lawmakers say they have received no update on the talcum powder asbestos criminal marketing probe since its launch in 2019.
J&J plans to remove talcum powder from all Baby Powder products on the global market in 2023 as it continues to seek to avoid liability for cancer litigation through bankruptcy.
Parties expect a finalized version of the Boy Scout sex abuse bankruptcy settlement plan to be approved in the coming weeks.
Court questioned whether 3M was acting in good faith during court-ordered mediation and unilaterally cancelling depositions after it's Aearo subsidiary filed for bankruptcy
Plaintiffs warn the process of assessing the talcum powder lawsuit settlement values could last as long as three to five years, further delaying progress in litigation that was set to go before juries this year.
With nearly 250,000 veterans pursuing earplug hearing loss lawsuits, the settlement fund has already been dismissed as inadequate compensation to resolve the litigation.
A U.S. Trustee representing the Justice Department says Johnson & Johnson's talcum powder bankruptcy filing was not done in good faith.
Judge Kaplan says it may take bellwether trials to get bankruptcy settlement discussions moving and determine whether thousands of talc ovarian cancer claims can be resolved