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
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…
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
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
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
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…
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
According to the JAG Tort Claim Unit, nearly 15,000 Camp Lejeune claims have been brought on behalf of Marines, their families, and civilians exposed to toxic water at the Base, as of December 20, 2022. This is a roughly 10,000…
The U.S. Navy JAG Corps has already received over 5,000 Camp Lejeune claims since the PACT Act was signed into law on August 10, 2022. These initial administrative claims are the first step toward receiving compensation for those who have…
Read More UPDATE: Over 5,000 Camp Lejeune Claims Filed in the First Month
Owens-Illinois manufactured asbestos-containing products commonly known under the brand name “Kylo” from 1940-1958, including asbestos-containing insulation, pipe covering, and pipe insulation. Exposure to these asbestos products can cause mesothelioma, cancer, and asbestosis, among other lung and pleural diseases. Due to…
Read More $610 Million Asbestos Trust Established for Claims Against Owens-Illinois
