Johnson & Johnson Headquarters in New Brunswick, New Jersey. Photo: Ekem via Wikimedia Commons Could the $18.8M Talc Verdict Threaten J&J's Bankruptcy Plan?
Some legal experts say Tuesday's verdict could make it harder for Johnson & Johnson to finalize its proposed $8.9 billion settlement in the Chapter 11 talc case.
July 19, 2023 at 05:42 PM
5 minute read
Bankruptcy
At a May 3 hearing, Johnson & Johnson lawyer Allison Brown pleaded with a bankruptcy judge not to allow a trial alleging its baby powder caused a 24-year-old man's mesothelioma. Doing so, she argued, would threaten an $8.9 billion settlement with nearly 60,000 talc claimants.
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