TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Johnson & Johnson's $9 Billion Talc Cancer Settlement Rejected, Company Will Now Litigate Claims in Civil Courts</h1> A bankruptcy judge denied Johnson & Johnson's settlement plan for talc-related cancer claims, rejecting the proposed $9 billion payment through subsidiary Red River Talc LLC. This marks the third failed bankruptcy attempt to resolve claims alleging J&J's talc-containing baby powder caused ovarian and other cancers. The judge cited a faulty voter solicitation process with claimants. The company will not appeal but will instead litigate claims in civil court and reverse approximately $7 billion of a previous reserve. J&J discontinued talc-based baby powder sales worldwide in 2022 following declining sales amid the lawsuits.
TaxTMI 
TaxTMI 
