DOJ Sides With Talcum Powder Plaintiffs in Appeal of Johnson & Johnson Bankruptcy Filing
A U.S. Trustee representing the Justice Department says Johnson & Johnson's talcum powder bankruptcy filing was not done in good faith.
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
Johnson & Johnson shareholders rejected a proposal the company halt talc baby powder sales put forward by activist investors.
Lawsuit claims Johnson & Johnson lied about test results showing the presence of asbestos in talcum powder in a case originally brought in the 1980s.
Johnson & Johnson joins other "bankruptcy grifters, such as the U.S. Olympic and Paralympic Committee, Honda and Walmart in what is a growing trend of bankruptcy abuse by solvent companies, according to the findings.
The company funded unethical experiments on African American prisoners in an effort to investigate possible links between asbestos and talcum powder as far back as 1971.
The trustee expressed concerns about a $20,000 fee for victims who suffered the must severe incidents of Boy Scout sexual abuse to be able to pursue an increased payout
Judge claims bankruptcy proceedings are appropriate to resolve tens of thousands of talcum powder lawsuits currently pending against Johnson & Johnson subsidiary
Durbin said the Johnson & Johnson talcum powder bankruptcy plan should be rejected by the courts.
The proposal would force Johnson & Johnson to hold a shareholder vote on whether it should continue talcum powder sales worldwide.