Johnson & Johnson Seeks Bankruptcy to End 40,000 Baby Powder Cancer Suits
Johnson & Johnson Seeks Bankruptcy to End 40,000 Baby Powder Cancer Suits
Johnson & Johnson, Seeks Bankruptcy to End, 40,000 Baby Powder Cancer Suits.
Johnson & Johnson is considering bankruptcy to help deal with 40,000 lawsuits accusing the company's baby powder products of causing cancer.
Johnson & Johnson is considering bankruptcy to help deal with 40,000 lawsuits accusing the company's baby powder products of causing cancer.
According to ABC, Johnson & Johnson has called the legal battle an “unrelenting assault” by greedy lawyers.
Last week, a J&J subsidiary, created to hold the liabilities from the litigation, announced that it was filing for chapter 11 protection.
On October 20, a judge is expected to hear arguments from J&J explaining why bankruptcy is the best method to resolve the lawsuits.
ABC reports that critics have called the move , “an unconscionable abuse of the legal system.”.
ABC reports that critics have called the move , “an unconscionable abuse of the legal system.”.
There are countless Americans suffering from cancer, or mourning the death of a loved one, because of the toxic baby powder that Johnson & Johnson put on the market that has made it one of the most profitable pharmaceutical corporations in the world, Linda Lipsen, American Association for Justice, via ABC.
There are countless Americans suffering from cancer, or mourning the death of a loved one, because of the toxic baby powder that Johnson & Johnson put on the market that has made it one of the most profitable pharmaceutical corporations in the world, Linda Lipsen, American Association for Justice, via ABC.
Their conduct and now bankruptcy gimmick is as despicable as it is brazen, Linda Lipsen, American Association for Justice, via ABC.
Tens of thousands of plaintiffs have claimed the company's talc-based products contained asbestos and caused cancer.
According to court filings, J&J has spent nearly $1 billion defending itself.
In May 2020, the company stopped selling its baby powder products in Canada and the United States.
Johnson's Baby Powder has been a staple for hundreds of millions of people for over 125 years.
If claimants' allegations were correct that the product causes disease, there should have been long ago an epidemic clearly attributed to the use of the product.
That is not the case, Johnson & Johnson, court filing, via ABC.
Johnson's Baby Powder has been a staple for hundreds of millions of people for over 125 years.
If claimants' allegations were correct that the product causes disease, there should have been long ago an epidemic clearly attributed to the use of the product.
That is not the case, Johnson & Johnson, court filing, via ABC
