Analysis

4 Things To Know About J&J's Latest Talc Bankruptcy

By Vince Sullivan · September 25, 2024, 3:03 PM EDT

Johnson & Johnson moved a newly created talc unit into Chapter 11 in Texas last week, renewing its efforts to address billions of dollars in potential liability tied to its talc...

To view the full article, register now.

Bankruptcy Scorecard

Summary

Red River Talc, the latest talc liability spin off of cosmetics and pharmacy giant Johnson & Johnson, filed for Chapter 11 bankruptcy with plans to set up an $8 billion trust to settle claims that J&J baby powder caused cancer. The latest filing comes after J&J's previous two talc-liability spin off bankruptcies were dismissed.

Case Number

24-bk-90505

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

View Full Scorecard

Case Information

Case Title

Red River Talc LLC

Case Number

4:24-bk-90505

Court

Texas Southern

Nature of Suit

Date Filed

September 20, 2024