Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Bankruptcy twist in J&J’s attempt to settle cancer claims

Simon Osuji by Simon Osuji
February 19, 2025
in Manufacturing
0
Bankruptcy twist in J&J’s attempt to settle cancer claims
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Johnson & Johnson (J&J) is facing a pivotal legal challenge as it seeks approval for a $10bn settlement plan to resolve allegations that its talc-based baby powder products caused ovarian cancer.

Related posts

Ngodwana Mill earns Double Diamond safety honour for LTIF excellence

Ngodwana Mill earns Double Diamond safety honour for LTIF excellence

July 21, 2025
Rise of green manufacturing: Future-proofing Africa through sustainability

Rise of green manufacturing: Future-proofing Africa through sustainability

July 18, 2025
Source: Austin Kirk, Public domain, via Wikimedia Commons.

Source: Austin Kirk, Public domain, via Wikimedia Commons.

The company proposes to resolve these claims through the bankruptcy of its subsidiary, LTL Management LLC. This marks J&J’s third attempt to settle the litigation by means of this method.

The hearing, which commenced on Tuesday, 18 February, 2025, is being overseen by US Bankruptcy Judge Christopher Lopez in Houston. The outcome will determine whether J&J can implement its proposed settlement to address over 62,000 lawsuits alleging that its talc products were contaminated with asbestos and caused cancer—claims that J&J denies.

This approach has faced opposition with personal injury lawyers, insurers, and the US Trustee’s Office questioning the legitimacy of using Chapter 11 bankruptcy in this context. Additionally, there are disputes over the integrity of the voting process for the settlement, with allegations of irregularities and concerns about fair treatment of claimants.

The hearing is expected to continue until the end of February 2025.

Meanwhile, Johnson & Johnson announced in December last year that it will be updating its brand and uniting its two business segments—pharmaceutical and medical technology—under the Johnson & Johnson brand name in South Africa.

Janssen, the company’s pharmaceutical segment is now known as Johnson & Johnson Innovative Medicine. The medical technology segment will continue to be known as Johnson & Johnson MedTech.

The changes form part of a global rollout of the new Johnson & Johnson brand, first announced in September 2023.



Source link

Previous Post

Libra memecoin scandal deepens as token co-creator says he controlled Javier Milei through payments

Next Post

Half of Africa’s wealth comes from these 5 countries

Next Post
Half of Africa’s wealth comes from these 5 countries

Half of Africa's wealth comes from these 5 countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Trust Check: Is Your Trust Compliant With SARS? Here is What You Need to Know.

Trust Check: Is Your Trust Compliant With SARS? Here is What You Need to Know.

1 year ago
A Girl’s Journey From Model U.N. to the Real U.N.

A Girl’s Journey From Model U.N. to the Real U.N.

1 year ago
Tanzania launches $180 million fertilizer plant in Dodoma

Tanzania launches $180 million fertilizer plant in Dodoma

3 weeks ago
Historical moment: Congo appoints first female Prime Minister

Historical moment: Congo appoints first female Prime Minister

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.