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Johnson & Johnson looking to bankruptcy to resolve 40,000 baby powder cancer suits

Johnson & Johnson looking to bankruptcy to resolve 40,000 baby powder cancer suits
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United statesLinda lipsenAmerican association for justiceAmerican associationBaby powder

Terrific Tuesday – Inflation Boosts Earnings

Inflation is great! Johnson & Johnson s (JNJ) Q3 sales were up 11% at $23.34Bn but earnings were only up 3% so IT S TIME TO RAISE PRICES! That s right, why should JNJ suffer through inflation when they can make their customers suffer instead? And, speaking of suffering, although they have been sued because their talc-based products seem to have been (allegedly) causing cancer all these years – it won t affect the company because they formed a new company that has no assets and assigned them all talc-related liabilities.

United statesLinda lipsenSeptember housing startsBuilding permitsBeige bookStocks options

Johnson & Johnson Puts Talc Liabilities Into Bankruptcy

Johnson & Johnson (J&J) on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby .

United statesNorth carolinaLinda lipsenMike spectorMichael ullmannDan levineSupreme courtAmerican association for justiceBaby powderAmerican associationThe epoch times

Johnson & Johnson talc powder spinoff files for bankruptcy

Women have filed thousands of lawsuits against J&J, claiming its talcum powder caused ovarian cancers. Billions are now at stake.

United statesLinda lipsenMichael ullmannNorth carolinaRochester democratBristol heraldOmaha world heraldFlorida times unionJohnson ampBaby powderTalc powderOvarian cancerHapter 11 bankruptcy

Johnson & Johnson forms subsidiary to settle tens of thousands of claims products caused cancer

This move will deflect any potential liabilities the company would face into a newly created subsidiary and shift litigation from courtrooms across the country to one legal proceeding.

United statesNorth carolinaAlex gorskyLinda lipsenMichael ullmannUs supreme courtAmerican association for justiceBaby powderGeneral counsel michael ullmannAmerican association

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