Dismissal of LTL Bankruptcy Signals Latest Failure by J&J to Evade Responsibility for Decades of Deceit in Talc-Asbestos Litigation
“J&J initially set aside $61.5 million in its first bogus bankruptcy.
- “J&J initially set aside $61.5 million in its first bogus bankruptcy.
- But J&J’s legal department proposed a settlement that offered only a fraction of that amount and sought the bankruptcy court’s assistance in cramming that bad deal down on cancer victims.
- “The evidentiary record fixed at trial does not establish sufficient ‘imminent’ or ‘immediate’ financial distress to satisfy the criteria enunciated by the Third Circuit,” Judge Kaplan writes.
- It’s time for our clients to have their days in court and for J&J to stop its bullying tactics and end this nightmare for victims.”
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