Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer – Generic English
Connected media - Linked media Last year, Johnson & Johnson proposed an $8.9 billion settlement to resolve 40,000 suits through a subsidiary created in 2021 to absorb the liability from its talc powder lawsuits. The plan was to have the unit file for bankruptcy protection — turning to the court to then disburse the settlement. Lindsey Simon, a bankruptcy professor at Emory University School of Law, said the reason bankruptcy court was an appealing way to settle mass litigation was that it allowed a company to end cases from claimants who did not agree to its offer, and also from…
