Mike Papantonio of Pensacola, Florida's Levin, Papantonio, Thomas, Mitchell, Echsner, Rafferty & Proctor. Courtesy photo Talc Plaintiffs File Class Action Over Johnson & Johnson's Alleged 'Fraudulent Transfers'
The class action, filed in the U.S. District Court for the District of New Jersey by five plaintiffs in talcum powder lawsuits, names Johnson & Johnson, its subsidiaries and several current and former officers and directors.
May 22, 2024 at 05:36 PM
7 minute read
What You Need to Know
- Johnson & Johnson, in a statement, said it planned to dismiss the lawsuit, which it called a 'hail Mary' and 'frivolous' filing.
- Specifically, the suit identifies the fraudulent transfers as Johnson & Johnson's 'Texas two-step' merger that created subsidiary LTL Management, which filed two failed Chapter 11 bankruptcies.
- The firms filing the class action are: Levin Papantonio, Ashcraft & Gerel, Burns Charest, Golomb Legal, Bailey Glasser and Beasley Allen.
Law firms opposing Johnson & Johnson's latest bankruptcy plan lodged a class action on Wednesday alleging a series of fraudulent maneuvers prevented ovarian cancer and mesothelioma victims from obtaining fair compensation by delaying trials for more than two years.
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