Johnson & Johnson, Seeks Bankruptcy to End, 40,000 Baby Powder Cancer Suits.
Johnson & Johnson is considering bankruptcy
to help deal with 40,000 lawsuits accusing the company's
baby powder products of causing cancer.
Johnson & Johnson is considering bankruptcy
to help deal with 40,000 lawsuits accusing the company's
baby powder products of causing cancer.
According to ABC,
Johnson & Johnson has called the legal battle
an “unrelenting assault” by greedy lawyers.
Last week, a J&J subsidiary, created to hold
the liabilities from the litigation, announced
that it was filing for chapter 11 protection.
On October 20, a judge is expected
to hear arguments from J&J explaining why
bankruptcy is the best method to resolve the lawsuits.
ABC reports that critics have called the move , “an unconscionable abuse of the legal system.”.
ABC reports that critics have called the move , “an unconscionable abuse of the legal system.”.
There are countless Americans suffering
from cancer, or mourning the death
of a loved one, because of the toxic
baby powder that Johnson & Johnson
put on the market that has made it one
of the most profitable pharmaceutical
corporations in the world, Linda Lipsen, American Association for Justice, via ABC.
There are countless Americans suffering
from cancer, or mourning the death
of a loved one, because of the toxic
baby powder that Johnson & Johnson
put on the market that has made it one
of the most profitable pharmaceutical
corporations in the world, Linda Lipsen, American Association for Justice, via ABC.
Their conduct and now bankruptcy gimmick
is as despicable as it is brazen, Linda Lipsen, American Association for Justice, via ABC.
Tens of thousands of plaintiffs have claimed the company's talc-based products contained asbestos and caused cancer.
According to court filings, J&J has spent
nearly $1 billion defending itself.
In May 2020, the company stopped selling its baby
powder products in Canada and the United States.
Johnson's Baby Powder has been a staple
for hundreds of millions of people for over
125 years. If claimants' allegations were
correct that the product causes disease,
there should have been long ago
an epidemic clearly attributed to the use
of the product. That is not the case, Johnson & Johnson, court filing, via ABC.
Johnson's Baby Powder has been a staple
for hundreds of millions of people for over
125 years. If claimants' allegations were
correct that the product causes disease,
there should have been long ago
an epidemic clearly attributed to the use
of the product. That is not the case, Johnson & Johnson, court filing, via ABC