J&J advances $6.48 billion settlement of talc cancer lawsuits. By Dietrich Knauth and Mike Spector. May 1, 2024 11:55 PM UTC Updated May 1, 2024 Bottles of Johnson's baby powder are ...

J&J has said the Purdue ruling does not affect its settlement proposal because U.S. bankruptcy law includes explicit legal protections for asbestos defendants that have not filed for bankruptcy.

J&J has said the Purdue ruling does not affect its settlement proposal because U.S. bankruptcy law includes explicit legal protections for asbestos defendants that have not filed for bankruptcy.

J&J wants to use Chapter 11 proceedings because bankruptcy judges can enforce global settlements that permanently halt all related lawsuits and forbid new ones, all for a capped payout.

J&J is arguing the enhanced settlement and subsequent bankruptcy is the only way to fairly deal with future cancer lawsuits without decades of litigation. If approved, ...

Last month, J&J said it hopes to move forward with a $6.48 billion settlement of more than 50,000 lawsuits claiming the company’s baby powder caused ovarian cancer. According to J&J, those ...

J&J is reported to have raised its offer to settle claims that its talc products caused cancer by $1.1bn, ... Johnson & Johnson has added another $1.1 billion to its settlement offer, ...

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Some analysts were positive about the new settlement — far larger than the original offer of $2 billion — as they believe it could bring an end to the lawsuit.

A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of ...