News and Insights

Johnson & Johnson Considers Bankruptcy Amidst Talcum Powder Suits

(Reuters) —Johnson & Johnson faces over 20,000 lawsuits from women who used the company’s baby powder product and developed ovarian cancer. Amidst these thousands of suits, Reuters reported that several sources familiar with the pending litigation have confirmed J&J is…

Anthem Acquires Puerto Rico’s largest Medicare Advantage Plan

INDIANAPOLIS – Anthem, the largest for-profit managed health care company in the Blue Cross Blue Shield Association, finalized their agreement with InnovaCare Health for the acquisition of InnovaCare’s Puerto Rico subsidiaries, including MMM Holdings and its Medicare Advantage plan, Medicaid…

Owen-Illinois’ Subsidiary forms $610 million Asbestos Bankruptcy Trust

PERRYSBURG, Ohio - Owens-Illinois Glass announced that its subsidiary, Paddock Enterprises, LLC, has reached a tentative agreement for a Chapter 11 Plan of Reorganization that will establish an asbestos bankruptcy trust with $610 million in initial funding. Owens-Illinois, Inc. has…

U.S. District Court Rejects Bayer’s Proposed Settlement for Future Roundup Claims

SAN FRANCISCO - In early June, federal Judge Chhabria rejected Bayer’s proposed $2 billion settlement proposal for future potential claims in the Roundup weedkiller litigation. This proposal was Bayer’s second proposal to resolve potential future claims of Roundup users who…

The Supreme Court of the United States Denies Review of the $2.1 Billion Verdict against Johnson & Johnson

Washington, D.C. – On June 1, 2021, the Supreme Court of the United States denied Johnson & Johnson’s request for review of the $2.1 billion verdict against the company. In May 2018, a jury awarded the plaintiffs in Ingham v.…