Loading...
Market
What will be the resolution of Johnson & Johnson's third bankruptcy filing for Red River Talc LLC by March 31, 2025?
2
Resolution / Starting Odds
Approved • 25%
Rejected • 25%
Withdrawn • 25%
Pending • 25%
Texas bankruptcy court records
Story
Johnson & Johnson Boosts Talc Settlement Offer to Over $8.2 Billion, Files Third Bankruptcy in Texas
Sep 20, 2024, 07:54 PM
Johnson & Johnson has increased its baby powder settlement offer to more than $8.2 billion to resolve thousands of lawsuits alleging that its talc-based products caused cancer. This new offer, up from the previous $6.5 billion, is part of the company's efforts to settle these claims. Additionally, Johnson & Johnson's subsidiary, Red River Talc LLC, has filed for Chapter 11 bankruptcy for the third time in Texas bankruptcy court to advance the settlement. The bankruptcy filing is aimed at addressing both current and future ovarian cancer talc claims. A majority of the plaintiffs, approximately 83%, have agreed to the settlement offer.
View original story
Similar markets
Full settlement approved • 25%
Partial settlement approved • 25%
Settlement rejected • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Settlement approved • 25%
Settlement rejected • 25%
Settlement modified • 25%
Case ongoing • 25%
Texas • 25%
New Jersey • 25%
Other US state • 25%
International • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%