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https://www.law.com/texaslawyer/2023/04/04/8-9b-settlement-attorney-helms-proposed-johnson-johnson-talcum-powder-deal/
Johnson and Johnson’s baby powder. Photo: Tiffany Hagler-Geard/BloombergNEWS
“This is the largest products liability settlement ever realized after a bankruptcy filing,” said Mikal Watts.
April 04, 2023 at 06:29 PM
5 minute read
What You Need to Know
- Plaintiffs attorneys reached a proposed settlement with Johnson & Johnson on the talc powder multidistrict litigation.
- J&J will pay $8.9 billion into a talc trust to compensate claims of gynecologic cancer and mesothelioma.
- At least 75% of the claimants must approve the agreement and there are 38,000 lawsuits affected.
San Antonio attorney Mikal Watts of Watts Guerra and Talc Powder Justice reached final negotiations on a proposed private settlement with Johnson & Johnson to resolve all talc claims.
Approval of the settlement is unclear at this point since some law firms representing claimants are expressing opposition.