Johnson & Johnson said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper.
said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper.
J&J maintains its consumer talc products are safe and confirmed through thousands of tests to be asbestos-free.in January, when the 3rd U.S. Circuit Court of Appeals based in Philadelphia ruled that LTL's bankruptcy should be dismissed because neither LTL nor J&J had a legitimate need for bankruptcy protection because they were not in "financial distress."
Leigh O'Dell, one of the lead attorneys representing plaintiffs in the lawsuits, said the 3rd Circuit's ruling is another step toward ending Johnson & Johnson's "attempted abuse of the bankruptcy system." The judge overseeing LTL's bankruptcy case, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, said in February that he was prepared toand allow talc lawsuits to resume once the 3rd Circuit issues a formal mandate of its January decision.
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