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Johnson & Johnson (J&J) has taken yet another legal step in its ongoing efforts to resolve the avalanche of lawsuits over its talc-based products. For the third time, a subsidiary of the company has filed for bankruptcy in an attempt to settle claims tied to allegations that J&J’s talc products—most notably its baby powder—caused cancer …
Johnson & Johnson, while not filing for bankruptcy protection itself, may still avoid asbestos talc liabilities. This is done by spinning liabilities off to a newly created subsidiary. Late last week, Johnson & Johnson (J&J) created a new subsidiary named LTL Management. Company officials confirmed the parent company then moved $2 billion in asbestos talc lawsuit …
Reuters reports Johnson & Johnson (J&J) is considering a plan to cap asbestos talc liabilities from widespread Baby Powder and other talc lawsuits. More than 30,000 plaintiffs alleged J&J’s talc products were unsafe. These women suffered from ovarian cancer, mesothelioma, and other cancers they assert were brought on by asbestos contained in J&J Baby Powder …
The Environmental Working Group (EWG) found by using electron microscopy, the cosmetic industry methods of screening talc for asbestos are lacking. Of the myriad cosmetics tested by the Scientific Analytical Institute (SAI), nearly 15% showed the presence of asbestos. Methods of screening talc for asbestos are lacking Incredibly, the Food and Drug Administration (FDA) doesn’t require testing …
