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J&J Considers Placing Talcum Powder Liabilities Into Bankruptcy: Reuters Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy plan, which could result in lower payouts for cases that do not settle beforehand, some of the people said. Plaintiffs’ lawyers would initially be una...

5 Min Read (Reuters) - Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Mike Segar/Illustration/File Photo/File Photo During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy plan, which could resu...

Johnson & Johnson weighs offloading baby powder asbestos lawsuits into separate company which will then file for bankruptcy in bid to avoid $2B payouts J&J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer A Missouri court has awarded one group of women $2 billion in damages  The company is reportedly exploring a plan to offload liabilities into a newly created business that would then seek bankruptcy protection The maneuver is known among legal experts as a Texas two-step bankruptcy  Should J&J pr...

ADVERTISEMENT J&J Sued Over Carcinogen After Sunscreen Recall Law360 (July 15, 2021, 8:38 PM EDT) -- Johnson & Johnson units have been slammed with proposed class actions in California and New York federal courts alleging that the pharmaceutical giant sold sunscreen products tainted with the carcinogen benzene and did not recall them until nearly two months after a related contamination report. Johanna Dominguez and Sharron Meijer launched their California suit against New Jersey-based Johnson & Johnson Consumer Inc. on Wednesday, the same day the business said it was recalling certain Neutr...

Johnson & Johnson Recalls Neutrogena + Aveeno Sunscreen Just in time for the summer beach season:  Johnson & Johnson Consumer Inc. has issued a voluntary recall that covers all lots of five Neutrogena and Aveeno aerosol sunscreen products.  The concern is with "low levels of benzene" that have been identified in some sampling of the products. While there have been no adverse reactions to the products at the present time - and, while the levels of benzene present in the sampling is "low", Johnson & Johnson is recalling the sunscreens due to the fact that the chemical has been classified as a...