After two failed attempts for bankruptcy protection, Johnson & Johnson faces at least 51,300 cases due to talc-related cancer claims. Earlier this year, Chris Schott, a JPMorgan Chase & Co. analyst, estimated J&J’s total talc liability at between $8 billion and $10 billion.…
Author: matthewroden
UPDATE: Camp Lejeune
As of November 1, 2023, there have been approximately 117,000 administrative claims filed for Camp Lejeune exposure. Due to the volume of claims, the Department of the Navy has taken steps to expedite the claims process through a settlement program…
UPDATE: Judge Rejects J&J’s Second Attempt at Bankruptcy
U.S. Bankruptcy Judge Michael Kaplan ruled against Johnson and Johnson’s talc subsidiary, LTL, and dismissed their second attempt at bankruptcy. Judge Kaplan determined that LTL did not demonstrate sufficient financial distress to qualify for the protections offered by Chapter 11…
Read More UPDATE: Judge Rejects J&J’s Second Attempt at Bankruptcy
UPDATE: Camp Lejeune Water Contamination Claims
The JAG reports that over 65,000 administrative Camp Lejeune claims have been filed thus far. All administrative claims become eligible to be filed as a civil lawsuit six months after the claim filing date. However, this is not a six-month…
UPDATE: J&J’s Second Attempt at Bankruptcy and Proposed $8.9 Billion Talc Settlement
Johnson and Johnson’s first bankruptcy filing for its talc subsidiary, LTL, was dismissed, and their petition for rehearing en banc was denied by the the Third Circuit Court of Appeals. Despite this landmark ruling, J&J is again seeking Chapter 11…
Read More UPDATE: J&J’s Second Attempt at Bankruptcy and Proposed $8.9 Billion Talc Settlement
Shelby Roden Partner C. Don Freeman Named to National Trial Lawyers’ 2023 “Top 40 Under 40”
BIRMINGHAM, Ala. – The National Trial Lawyers recently recognized Shelby Roden Partner C. Don Freeman as one of the Top 40 Under 40 Civil Plaintiff Trial Lawyers in Alabama. See the official press release below.
Two New Asbestos Trusts Established for Victims of Asbestos Exposure
Two new asbestos trusts have been established for claims against defendants Owens-Illinois (“O-I”) and Rapid-American (“R-A”) and are now accepting claims for asbestos-related injuries such as mesothelioma, various forms of cancer, pleural disease, and asbestosis. The newly established Trusts have…
Read More Two New Asbestos Trusts Established for Victims of Asbestos Exposure
Third U.S. Circuit Court of Appeals Rejects J&J’s “Texas Two-Step” Strategy
On January 30, 2023, the Third Circuit Court of Appeals rejected Johnson & Johnson’s (“J&J”) use of the “Texas Two-Step” bankruptcy strategy. The unanimous decision is a sharp rebuke of the emerging litigation trend in which companies facing significant mass…
Read More Third U.S. Circuit Court of Appeals Rejects J&J’s “Texas Two-Step” Strategy
Blue Cross Blue Shield Settlement Faces Delays
The Subscriber Class in the Blue Cross Blue Shield litigation received final approval of the $2.67 settlement against the Blues on August 9, 2020; however, disbursements have been delayed as this settlement faces multiple objections. Several class members have filed…
Johnson & Johnson’s Talc Bankruptcy has been Appealed to the Third Circuit
Earlier last year, Johnson & Johnson (“J&J”) created a subsidiary, LTL Management (“LTL”), which now holds all talcum powder liabilities, while only holding $2 billion in assets. The assets allocated to LTL are miniscule in comparison to the estimated $450…
Read More Johnson & Johnson’s Talc Bankruptcy has been Appealed to the Third Circuit