talc claimants

Best Of: Inside Johnson & Johnson’s bankruptcy two-step

This is an audio transcript of the Behind the Money podcast episode: ‘Best Of: Inside Johnson & Johnson’s bankruptcy two-step’

Michela Tindera
Hey, everyone. Just to note that we’re taking a break this week. So instead, today we’re resharing one of our episodes. Now be sure to stick around till the end. We’ll have an update on what’s happened since this episode first came out last June. So let’s get on to the show.

On May 5th 2020, a couple named Val and Holly Johnson officially make a decision that has been stewing for months. They decide to file a lawsuit against one of the world’s largest healthcare companies, Johnson & Johnson. In their lawsuit, they say that Johnson & Johnson sold them talc-based baby powder that had asbestos in it — a known carcinogen.

Val Johnson
They conspired. This was not an accident that they did this.

Michela Tindera
That’s Val. He’s 61 years old, and he and his wife, Holly, say that Val’s use of Johnson’s baby powder led to his diagnosis of mesothelioma. He found out that he had this rare and deadly form of cancer just months earlier.

Val Johnson
If they would have taken

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May 31, 2023 by ATTORNEY

Cancer Victims’ Lawyers Vow to Fight J&J Proposed Settlement

Attorneys who have led the charge in litigating cancer claims against Johnson & Johnson denounced the company’s deal with talc claimants as a sham and disgrace to many people who say J&J’s products gave them cancer.

J&J on Tuesday announced a $8.9 billion agreement with talc claimants as it placed subsidiary LTL Management LLC into bankruptcy for the second time. The proposed deal would compensate people who say J&J’s talc-based powders caused cancer, the company said.

The deal, which would pay claimants over the course of 25 years, would bring about a global resolution to the legal saga, J&J said. But many of the firms that have litigated against J&J on behalf of cancer victims for years, representing tens of thousands of claimants, say they were intentionally left out of the settlement. The proposal, they say, offers victims far less than they deserve.

“I strongly believe that the law firms that understand the case, the seriousness of the injury, the costs to the claimants in medical care, couldn’t possibly support something like this,” said Michelle Parfitt, a partner at Ashcraft & Gerel who as co-head of the talc litigation steering committee has helped oversee more than 40,000 claims during multidistrict

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April 12, 2023 by ATTORNEY
June 2023
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