Could the $18.8M Talc Verdict Threaten J&J's Bankruptcy Plan?

The verdict, which excluded punitive damages, could have been much larger. But the jury's award has the potential to threaten the $8.9 billion settlement and, as a result, a proposed Chapter 11 reorganization plan in the bankruptcy of Johnson & Johnson's LTL Management.

5 minute read August 01, 2023 at 12:03 AM
By
Amanda Bronstad
Could the $18.8M Talc Verdict Threaten J&J's Bankruptcy Plan?

At a May 3 hearing, Johnson & Johnson lawyer Allison Brown pleaded with a bankruptcy judge not to allow a trial alleging its baby powder caused a 24-year-old man's mesothelioma.

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