Johnson & Johnson (JNJ) Announces Red River Talc Files Voluntary Chapter 11
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Johnson & Johnson Announces that its Subsidiary, Red River Talc LLC, has Filed a Voluntary Prepackaged Chapter 11 Case to Resolve All Current and Future Ovarian Cancer Talc Claims
September 20, 2024 3:43 PM EDTApproximately 83% of Current Claimants and the Future Claims Representative Support the Proposed Bankruptcy Plan
Red River Increased its Settlement Commitment by $1.75 Billion to Approximately $8 Billion
NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Johnson & Johnson (NYSE: JNJ) (the Company) announced that its subsidiary, Red River Talc LLC (Red River), filed a voluntary prepackaged Chapter 11 bankruptcy case today in the U.S. Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court) to fully and finally resolve all current and future claims related to ovarian cancer arising from cosmetic talc litigation... More
