J&J Talc Unit Refiles For Ch. 11 With $8.9B Deal

Johnson & Johnson’s talc unit commenced a new Chapter 11 bankruptcy case Tuesday afternoon, this time coming to court with an $8.9 billion settlement with a group of talc injury claimants whose litigation led to its original insolvency case.

In addition to more than 50,000 filed talc injury suits, there are likely to be another 20,000 claims in the future by people whose injuries have not yet manifested.

Not all plaintiff law firms are pleased with this recent development, and consider it “woefully inedequate”. They pledge to oppose the deal and fight for a better outcome and better compensation for their clients.

 — law360

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