A federal appeals court has ruled that Johnson & Johnson cannot use bankruptcy court to resolve civil lawsuits that claim its iconic baby powder caused cancer.
Containers of Johnson's baby powder made by Johnson and Johnson sits on a shelf at Jack's Drug Store on Oct. 18, 2019 in San Anselmo, Calif.& Johnson cannot use bankruptcy court to resolve civil lawsuits that claim its iconic baby powder caused cancer, a federal appeals court ruled Monday.& Johnson's plan to shift onto a new entity, LTL Management LLC, some 38,000 lawsuits that alleged the talc in Johnson's Baby Powder has caused ovarian cancer and mesothelioma.
"LTL Management LLC initiated this process in good faith and our objective has always been to equitably resolve claims related to the Company's cosmetic talc litigation," the company said in a statement. Critics had urged the court to reject the legal maneuver fearing it could prompt other big companies to avoid bringing mass tort lawsuits before juries.& Glasser and trial counsel to the Official Committee of Talc Claimants in the Johnson&J has no special right to put talc victims in a bankruptcy box. It now has to face these claims in front of juries around the nation," Glasser said in a statement.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Johnson & Johnson Can’t Use Bankruptcy to End Cancer Lawsuits, Court RulesJohnson & Johnson attempted to use a Chapter 11 filing to shut out some 40,000 cancer lawsuits stemming from their talc-based baby powder formula.
続きを読む »
Court tosses bankruptcy petition by Johnson & Johnson's talc unitAn appeals court on Monday dismissed the Chapter 11 bankruptcy petition of J&J's talc subsidiary, which the company formed to resolve thousands of lawsuits.
続きを読む »
Johnson & Johnson stock takes a dive after WSJ report that federal appeals court rejected talc bankruptcy caseShares of Johnson & Johnson took a dive in midday trading Monday, after The Wall Street Journal reported that a federal appeals court rejected the consumer...
続きを読む »
J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court RulesJohnson & Johnson's plan to resolve tens of thousands of talc lawsuits by pushing them into bankruptcy court was rejected by a federal appeals court
続きを読む »
J&J's controversial plan to isolate its baby powder liabilities in bankruptcy has been rejectedA federal appellate court on Monday rejected Johnson & Johnson's attempt to shed its talcum powder liabilities by transferring them to a subsidiary and placing that subsidiary in bankruptcy.
続きを読む »