Johnson & Johnson News

J&J Talc Unit Defends Latest Bankruptcy Settlement Bid

A Johnson & Johnson company on Tuesday defended its second attempt to resolve talc lawsuits in bankruptcy, telling a U.S. judge it can quickly build consensus around its $8.9 billion settlement offer despite doubts about its assertion that 60,000 plaintiffs …

J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say

Johnson & Johnson’s renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a “fraudulent scheme” that defies a court order rejecting the company’s previous attempt to settle the litigation, according to a court …

J&J Unit Files for Second Bankruptcy to Pursue $8.9B Talc Settlement

Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&J’s original offer of $2 …

Johnson & Johnson Unit Loses Bid to Stay in Bankruptcy During Supreme Court Appeal

A Johnson & Johnson company cannot delay a court order dismissing its bankruptcy, a U.S. court said on Friday, despite the company’s planned Supreme Court appeal to use bankruptcy to resolve tens of thousands of lawsuits over its talc products. …

J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy

Johnson & Johnson JNJ.N said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court …

J&J Rejected by Supreme Court Over $302 Million Vaginal-Mesh Award

The US Supreme Court rejected a Johnson & Johnson appeal, leaving intact a $302 million award against the company for misrepresenting the risks of vaginal-mesh implants to California consumers. The rebuff is a victory for California, the first state to …

J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected

Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11 proceedings. A three-judge panel …

Alcon to Pay Johnson & Johnson $199M to Settle Eye-Laser Cases

Alcon Vision will pay Johnson & Johnson’s Surgical Vision Inc $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday. Alcon said the one-time payment would …

U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits

A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy with the …

Johnson & Johnson Acquiring Statewide Insurance Corp in Arizona

Johnson & Johnson acquired the assets of Statewide Insurance Corp. in Arizona, as it looks to expand into several Southwestern states. Statewide Insurance Corp. serves clients across the Southwest, writing specialty and preferred commercial insurance, as well as personal lines …