Red River Talc LLC

  1. March 31, 2025

    J&J Talc Spinoff's Ch. 11 Case Gets Tossed, Erasing $9B Deal

    A Texas bankruptcy judge rejected Johnson & Johnson's third attempt to use Chapter 11 to settle thousands of claims that its products caused cancer, dismissing J&J unit Red River Talc's Chapter 11 case on Monday and throwing out a roughly $9 billion bankruptcy deal over issues with the company's voting procedures and third-party releases.

  2. March 03, 2025

    $7.4B Deal Nets Purdue More Time, J&J Spinoff Ends Trial

    Purdue Pharma received approval for more mediation time after telling a judge that it had reached definitive terms on a new $7.4 billion settlement of opioid claims; a two-week trial over whether to confirm the $10 billion Chapter 11 plan of Johnson & Johnson's talc spinoff wrapped up; and an artificial-intelligence cryptocurrency business asked a Texas bankruptcy judge to restart an asset auction for Alex Jones' Infowars platform.

  3. February 28, 2025

    Red River Recap: Testimony Over J&J Spin-Off Ch. 11 Ends

    Testimony wrapped up Thursday in a two-week trial in Houston over whether to confirm the $10 billion Chapter 11 plan of a Johnson & Johnson talc liability spin off or dismiss the "Texas two-step" bankruptcy. Here's a recap of the eight days of testimony.

  4. February 25, 2025

    Epiq Explains Ballot Flip In J&J Talc Unit's $10B Ch. 11 Plan

    A Texas bankruptcy judge Tuesday heard how a claims agent accepted a ballot that flipped some 11,000 already cast votes on the Chapter 11 plan of Johnson & Johnson's talc liability unit.

  5. February 24, 2025

    Claimant Attys Explain J&J Ch. 11 Plan Vote Switch

    An attorney whose firm represented about 11,000 talc injury claimants told a Texas bankruptcy judge Monday about the process by which he cast ballots for his clients in favor of the $10 billion Chapter 11 plan settlement proposed by Johnson & Johnson's talc unit.

  6. February 24, 2025

    Spirit Gets Ch. 11 Plan OK; J&J Unit Brings Ch. 11 Plan To Trial

    A bankruptcy judge gave Spirit Airlines the all-clear to eliminate nearly $800 million in debt while giving creditors control over the business; Johnson & Johnson's talc spinoff went to trial over a proposed Chapter 11 plan; and the U.S. Trustee's Office took issue with the final $52 million fee application from lawyers for a New York Catholic diocese.

  7. February 21, 2025

    J&J Talc Spin-Off Trial Details Law Firms' Rift Over Ch. 11 Deal

    Personal injury attorneys on Friday described how their firms' long relationship turned sour last summer during the fourth day of trial in the Texas bankruptcy of Johnson & Johnson's talc spin-off.

  8. February 20, 2025

    J&J Says Spinoff Ch. 11 Best Chance For Talc Recoveries

    Johnson & Johnson counsel and supporters of the Chapter 11 plan proposed by its talc spinoff Thursday told a Texas bankruptcy judge that the plan's $10 billion talc settlement is the best deal for thousands of claimants.

  9. February 19, 2025

    J&J Talc Unit Exec Defends Ch. 11 Plan On Stand

    A top executive of Johnson & Johnson's latest talc spinoff spent a day on the stand in a Texas bankruptcy court taking questions regarding the company's relationship with Johnson & Johnson and its plans to settle talc liability in bankruptcy.

  10. February 18, 2025

    J&J Talc Unit Launches 2-Week $10B Ch. 11 Settlement Trial

    A Johnson & Johnson spinoff began its case Tuesday for a $10 billion Chapter 11 settlement of the company's talc liability before a Texas bankruptcy judge while opponents of the deal questioned the legitimacy of the bankruptcy case and the plan vote.