U.S. House panel seeks J&J documents on baby powder bankruptcy plans

StreetInsider2021-07-29

(Reuters) - A U.S. congressional panel has asked Johnson & Johnson to provide it all documents related to the company's plans to put its talc liabilities into bankruptcy, according to a letter sent on...

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Comments

steventohhl
2021-07-29
steventohhl
Ok
lkt
2021-07-29
lkt
Update
- MugenQiang:
  ok
szueyann
2021-07-29
szueyann
Please like and comment. Thanks
- SeC:
  liked
- Huathk:
  Gd
- jerminos:
  Done!
- Ichua:
  There u go

Leave a comment

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The level of funding could determine payouts for victims.\nReuters reported this month https://www.reuters.com/business/healthcare-pharmaceuticals/exclusive-jj-exploring-putting-talc-liabilities-into-bankruptcy-sources-2021-07-18 that J&J is exploring a plan to offload liabilities it faces from baby powder litigation into a new company, which would then file for bankruptcy.\nThe healthcare company faces legal actions from tens of thousands of plaintiffs, including women suffering from ovarian cancer and others with mesothelioma, alleging that its baby powder and other talc products contained asbestos and caused cancer.\n\"Johnson & Johnson Consumer Inc has not decided on any particular course of action in this litigation other than to continue to defend the safety of talc and litigate these cases in the tort system, as the pending trials demonstrate,\" the company said in a statement.\nThe statement did not address the subcommittee's request for documents.\nThe House subcommittee held hearings on carcinogens in baby powder in 2019 and has heard from people suffering from mesothelioma and ovarian cancer.\nSeparately, plaintiff attorneys filed a fresh legal challenge intended to prevent J&J from pursuing a bankruptcy for its baby powder liabilities.\nThey asked a Delaware judge overseeing a separate bankruptcy involving J&J's talc supplier, Imerys, to prohibit the maneuver, arguing it would evade obligations J&J has to Imerys, according to court documents filed on Wednesday.\nA J&J spokesperson did not respond to questions about the legal challenge.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":801228163,"gmtCreate":1627519627352,"gmtModify":1703491489600,"author":{"id":"3581114332210427","authorId":"3581114332210427","name":"steventohhl","avatar":"https://static.tigerbbs.com/50fc52e9d5f5ed50e84ab9cc70df0918","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3581114332210427","authorIdStr":"3581114332210427"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801228163","repostId":2155497548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":801220282,"gmtCreate":1627519470146,"gmtModify":1703491483781,"author":{"id":"3583895118447399","authorId":"3583895118447399","name":"lkt","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583895118447399","authorIdStr":"3583895118447399"},"htmlText":"Update","listText":"Update","text":"Update","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801220282","repostId":2155497548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5363979,"gmtCreate":1627521595004,"gmtModify":1663231647943,"authorId":3576130746722228,"author":{"id":3576130746722228,"idStr":"3576130746722228","authorId":3576130746722228,"name":"MugenQiang","avatar":"https://static.tigerbbs.com/f17ec4e89d68e2bc6ac39a336e9be71c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":801220282,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":801266764,"gmtCreate":1627519224958,"gmtModify":1703491478767,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"htmlText":"Please like and comment. 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