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Will J&J's proposed settlement be approved by claimants by the end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Johnson & Johnson or court documents
Story
J&J Proposes $6.5 Billion Settlement for Asbestos-Related Ovarian Cancer Claims
May 1, 2024, 11:00 AM
Johnson & Johnson has proposed a $6.5 billion settlement to resolve tens of thousands of lawsuits alleging that its talc-based products, including baby powder, contain asbestos and caused ovarian cancer. The company announced that if three-quarters of the claimants vote in favor, the settlement will proceed under a plan involving its subsidiary, LLT Management LLC. This plan aims to address all current and future ovarian cancer talc claims through a consensual 'prepackaged' reorganization. The settlement also seeks to resolve nearly all talc ovarian cancer lawsuits in the U.S.
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Approved as Proposed • 33%
Approved with Modifications • 33%
Rejected • 34%
Less than 50% Approval • 25%
50% to 75% Approval • 25%
76% to 99% Approval • 25%
100% Approval • 25%
Significant improvement • 25%
Moderate improvement • 25%
No significant change • 25%
Worsened financial performance • 25%
Less than 50% • 25%
50% to 74% • 25%
75% to 89% • 25%
90% or more • 25%
Yes • 50%
No • 50%
No further significant lawsuits • 33%
Few minor lawsuits • 33%
Significant new lawsuits • 34%