Legal-Bay Pre-Settlement Funding Announces Johnson & Johnson to Pay Out $8.9 BILLION in Damages to Plaintiffs in Talcum Powder Lawsuit

Leading presettlement funding firm reports that the baby powder manufacturer will finally settle the thousands of outstanding talcum powder cancer lawsuits; however, many plaintiffs' lawyers believe that the total amount is simply not enough.

NEW BRUNSWICK, N.J., April 6, 2023 /PRNewswire/ -- Legal-Bay LLC, the premier Pre Settlement Funding Company, reports that Johnson & Johnson will pay out a whopping $8.9BB in damages to settle the 60,000+ lawsuits brought against them by plaintiffs who claim the baby powder is directly to blame for their ovarian cancer. The pharma giant previously proposed a $2BB settlement, but with this latest 8.9BB offering hopes to close out their legal troubles once and for all.

The company has long been aware of the health risks associated with their talcum-based baby powder. Several studies dating back to the 1970s concluded that talc particles increase a woman's risk of ovarian cancer, and evidence suggests that J&J has been intentionally concealing the results for decades. However, despite the settlement, J&J continues to stand by the safety of their product.

Chris Janish, CEO of Legal-Bay, commented, "We've been actively monitoring this landmark case for over eight years, and we're happy to see Johnson & Johnson has finally taken such a large step toward compensating plaintiffs. However, our sources representing plaintiffs do not believe the $150K average talc settlement amount is sufficient based on the damages. Unfortunately, the claims process will be lengthy and no awards are guaranteed at this time; nonetheless, Legal-Bay stands ready to assist those cases that qualify." 

If you require an immediate cash advance from your anticipated lawsuit settlement, please visit Legal-Bay HERE or call 877.571.0405. 

Legal-Bay assists plaintiffs in all types of mass tort litigations, including: medical malpractice, wrongful death, 3M, Hernia Mesh, IVC Filters, Roundup, Essure, personal injury, premise liability, sex abuse and more.

Legal-Bay's lawsuit funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. The non-recourse law suit loans are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit loan isn't really a loan, but rather a cash advance.

To apply, please visit the company's website HERE or call toll-free at: 877.571.0405

Contact: Chris Janish, CEO
                Email: [email protected]
                Ph.: 877.571.0405
                Website: www.Legal-Bay.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/legal-bay-pre-settlement-funding-announces-johnson--johnson-to-pay-out-8-9-billion-in-damages-to-plaintiffs-in-talcum-powder-lawsuit-301791204.html

SOURCE Legal-Bay, LLC