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What will be the outcome of the vote on Johnson & Johnson's $6.48 billion bankruptcy plan by July 31, 2024?
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Resolution / Starting Odds
Approved • 33%
Rejected • 33%
Postponed • 33%
Official court documents and public announcements from Johnson & Johnson
Story
Johnson & Johnson Nears $6.48 Billion Settlement in Talc Cancer Claims
Jul 25, 2024, 08:00 PM
Johnson & Johnson is approaching a critical juncture in its legal battles over talc-related cancer claims. A key vote on a $6.48 billion bankruptcy plan is scheduled for Friday, where women will decide whether to approve the settlement. The plan aims to resolve numerous lawsuits alleging that Johnson's baby powder caused cancer. Votes from the weakest talc claims could play a significant role in ending the mass cancer lawsuits in bankruptcy court. This marks one of the largest settlements of mass-tort lawsuits in history, with Johnson & Johnson employing a strategy to divide and conquer the trial lawyers.
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