Talc Plaintiffs File Motion for Temporary Restraining Order to Limit Johnson & Johnson’s Use of Bankruptcy Strategy
Filing says third bankruptcy attempt would “create yet more delay” in compensating victims
The company recently announced the pursuit of a prepackaged bankruptcy plan to resolve talc claims in an unspecified federal court in
Today’s filing for a temporary restraining order accuses J&J of attempting to evade jurisdiction and manipulate the bankruptcy process to disadvantage tens of thousands of women who developed cancer from continued use of Johnson’s
"We will employ every appropriate mechanism possible to stop J&J from using bankruptcy to deprive women of their individual right to choose whether to settle or proceed to a jury trial. Individuals should not be coerced to accept unreasonable settlement values and terms through the bankruptcy vote of a group of others,” says
The plaintiffs argue that the company's actions, including the proposed third bankruptcy filing, are designed to delay justice and reduce the funds available to compensate victims. The claims highlight the broader concerns expressed by legislators and legal experts about the use of bankruptcy protections by financially solvent companies to evade legal responsibilities for tort claims.
“Johnson & Johnson is advertising its bankruptcy plan to a group of desperate and dying claimants,” says
The plaintiffs are represented by a coalition of law firms, including
The TRO motion is filed as
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Source: Beasley Allen Law Firm