Loading...
Market
Approval Levels for Johnson & Johnson’s Talc Settlement Proposal
3
Resolution / Starting Odds
Approved by all claimants • 25%
Approved by more than 75% but not all • 25%
Approved by more than 50% but less than 75% • 25%
Not approved by more than 50% • 25%
Official announcement from Johnson & Johnson or court documents
Story
Johnson & Johnson Proposes $11 Billion Settlement in Talc Cancer Lawsuits
May 1, 2024, 11:00 AM
Johnson & Johnson is proposing a settlement totaling approximately $11 billion to resolve tens of thousands of lawsuits claiming that its talc products, including baby powder, contain asbestos and have caused ovarian cancer. The settlement plan, managed by its subsidiary LLT Management LLC, aims to address all current and future ovarian cancer claims through a 'prepackaged' reorganization. The company is seeking approval from claimants, requiring a 75% affirmative vote to proceed with the settlement later this summer.
View original story
Similar markets
No similar markets found.