U.S. donates 17 million J&J doses to African Union
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Johnson & Johnson's (JNJ) Subsidiary Created For Talc Litigations Files for Chapter 11 Bankruptcy
October 15, 2021 5:54 AM EDTJohnson & Johnson (NYSE: JNJ) today announced that LTL Management LLC (LTL), a newly created and separate subsidiary of Johnson & Johnson, that was established to hold and manage claims in the cosmetic talc litigation, has filed for voluntary Chapter 11 bankruptcy protection. This filing is intended to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including any current and future claimants. Johnson & Johnson and its other affiliates did not file for bankruptcy protection and will continue to operate their... More
Johnson & Johnson (JNJ) Ovarian Cancer Victims Will Resist J&J's Bankruptcy Scheme
October 15, 2021 5:45 AM EDTLawyers who represent more than 30,000 women who have filed lawsuits against Johnson & Johnson (NYSE: JNJ) in connection with its defective talc body powders, including the iconic Johnson's Baby Powder, say they will resist J&J's decision to use bankruptcy to avoid legal responsibility for the cancers tied to those products.
"It seems inconceivable that bankruptcy involving a highly profitable $500 billion company could be contemplated, let alone become reality," says... More
