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What will be the outcome of J&J's $8.2 billion settlement offer by June 2025?
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Resolution / Starting Odds
Settlement accepted by all plaintiffs • 25%
Settlement accepted by majority but not all plaintiffs • 25%
Settlement rejected by majority of plaintiffs • 25%
Settlement renegotiated • 25%
Official announcements from Johnson & Johnson or court filings
Story
Johnson & Johnson Raises Baby Powder Settlement Offer to Over $8.2 Billion; 83% of Plaintiffs Agree
Sep 20, 2024, 07:55 PM
Johnson & Johnson has increased its offer to settle thousands of lawsuits alleging its baby powder caused cancer to more than $8.2 billion, up from a previous offer of $6.5 billion. The company announced that its subsidiary, Red River Talc LLC, has filed for Chapter 11 bankruptcy for the third time to resolve current and future ovarian cancer talc claims. This move is part of J&J's strategy to advance the proposed $10 billion settlement and put an end to years of litigation. A majority of baby powder users, 83% of plaintiffs, have agreed to back the settlement offer.
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Finalized and paid • 25%
Finalized but not paid • 25%
Not finalized • 25%
Settlement amount changed • 25%
Approved without modifications • 25%
Approved with modifications • 25%
Rejected • 25%
Other • 25%
Accepted by the court • 25%
Rejected by the court • 25%
Modified and accepted • 25%
Pending decision • 25%
Accepted • 25%
Rejected • 25%
Modified • 25%
Pending • 25%
Approved and finalized • 25%
Rejected by claimants • 25%
Modified and accepted • 25%
Pending decision • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Approved • 25%
Rejected • 25%
Modified and Approved • 25%
Pending • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%