Johnson & Johnson sued by cancer victims alleging 'fraudulent' transfers, bankruptcies [USA TODAY]
Johnson & Johnson (JNJ)
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Source: USA TODAY
prevent victims of its "asbestos-contaminated" talcum powder from receiving their day in court and proper compensation. The five individuals who filed the proposed class action suit Wednesday in New Jersey federal court seek to represent anyone who, as of Aug. 11, 2023, either had pending litigation alleging asbestos or other ingredients in Johnson & Johnson talcum powder products caused them to develop ovarian cancer or mesothelioma. The suit stems from Johnson & Johnson's filing for bankruptcy multiple times, and in different states, to resolve tens of thousands of lawsuits claiming the company's talcum baby powder caused cancer. Earlier this month, Johnson & Johnson announced that a third bankruptcy filing of a subsidiary company would allow it to move forward with a $6.475 billion proposed settlement for the victims, reported. A three-month voting period is underway to reach a consensus settlement for current and future victims who claim the baby powder caused ovarian cancer
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News
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 5/28/24 - Form SD
- JNJ's page on the SEC website