May 16, 2023
Johnson & Johnson's talc unit has told a New Jersey bankruptcy court that it earmarked $400 million to end states' claims that it deceptively marketed its talc products as part of a proposed $8.9 billion settlement over allegations that the products cause cancer.
May 16, 2023
The talc unit of Johnson & Johnson can pursue approval of its Chapter 11 plan, including an $8.9 billion settlement of tens of thousands of talc claims, at the same time it is defending against multiple motions to dismiss its restructuring case, a New Jersey bankruptcy judge ruled Tuesday.
May 12, 2023
The official committee of talc claimants in the Chapter 11 case of LTL Management LLC asked a New Jersey judge to grant it standing to sue parent company Johnson & Johnson for terminating a $61.5 billion funding agreement after the debtor's first try at bankruptcy was dismissed.
May 09, 2023
The Third Circuit denied Tuesday a petition from cancer victims suing Johnson & Johnson's talc unit to dismiss its Chapter 11 case, saying it would be a "drastic step" and the insolvency should go forward.
May 08, 2023
The bankrupt talc unit of Johnson & Johnson told the Third Circuit on Monday that a petition for a writ of mandamus the talc claimants committee filed with the court is improper because the group is already pursuing similar relief from the bankruptcy court, which has yet to rule on pending dismissal motions.
May 03, 2023
A New Jersey bankruptcy judge will hear evidence in arguments the week of June 12 on motions to dismiss the Chapter 11 case of Johnson & Johnson's bankrupt talc unit, with the court setting aside four days for the proceedings in which claimants will argue that the case was filed in bad faith.
May 02, 2023
The official committee of talc claimants in the Chapter 11 case of Johnson & Johnson's talc unit on Tuesday asked the Third Circuit to immediately terminate the case, saying the debtor is trying to circumvent an earlier circuit ruling that tossed the company's first try at bankruptcy.
April 25, 2023
Plaintiffs that allege Johnson & Johnson's baby powder and other products caused their cancer urged a New Jersey court to toss another "abusive" bankruptcy case filed by a talc unit J&J spun off to hold its liability.
April 21, 2023
Law firms representing more than 55,000 talc claimants in the Chapter 11 case of Johnson & Johnson's talc unit have formed an ad hoc committee in the proceedings and expect to garner enough support to approve the debtor's proposed $8.9 billion settlement.
April 20, 2023
A New Jersey bankruptcy judge issued a limited preliminary injunction Thursday in the Chapter 11 case of Johnson & Johnson's bankrupt talc unit, saying that litigation against the parent company and other nondebtor entities can continue up to the trial stage until mid-June.