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What will be the next major legal action against Johnson & Johnson related to baby powder by December 31, 2024?
2
Resolution / Starting Odds
Class action lawsuit • 25%
Individual lawsuits • 25%
Government investigation • 25%
No further action • 25%
Court filings and major news outlets like Reuters or Bloomberg
Story
Johnson & Johnson Boosts Baby Powder Settlement Offer to Over $8.2 Billion
Sep 20, 2024, 03:31 PM
Johnson & Johnson has increased its settlement offer to over $8.2 billion to resolve thousands of lawsuits alleging that its baby powder caused cancer. This new offer, up from the previous $6.5 billion, aims to settle claims that the talc-based product led to ovarian cancer. The company's subsidiary, Red River Talc LLC, has filed for Chapter 11 bankruptcy for the third time to facilitate the settlement. A majority of baby powder users have agreed to back the settlement, which Johnson & Johnson hopes will put an end to years of litigation.
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Yes • 50%
No • 50%
No new lawsuits • 25%
New lawsuits under 100 • 25%
New lawsuits 100-500 • 25%
New lawsuits over 500 • 25%
Settlement Approved • 25%
Settlement Rejected • 25%
New Settlement Offer • 25%
Ongoing Litigation • 25%
Increase settlement offer • 25%
File additional bankruptcy cases • 25%
Both increase offer and file bankruptcy • 25%
No additional actions • 25%
Settled • 25%
Ongoing • 25%
Dismissed • 25%
Postponed • 25%
Settlement reached • 25%
Trial verdict in favor of plaintiffs • 25%
Trial verdict in favor of Johnson & Johnson • 25%
Ongoing litigation • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
