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J&J Cosmetic Talc Lawsuits Halted, $2Bn Trust Created, As Subsidiary Takes Liabilities Into Bankruptcy

 
• By Ryan Nelson

Johnson & Johnson’s newly created subsidiary LTL Management LLC will take all cosmetic talc injury claims against the Johnson’s Baby Powder manufacturer into bankruptcy proceedings. J&J says the move is designed to ensure “equitable” resolution for all parties, while plaintiff’s attorneys have a decidedly different view on the matter.

USD Money Cash And Auctioneers Or Judges Gavel Or Hammer On Wooden Courtroom Bench Or Auctioneer Table. Wood Background. Law, Monetary, Auction Bidding, Bankruptcy, Bail, Tax Evasion Concept? - Image
• Source: Shutterstock

More than 30,000 lawsuits against Johnson & Johnson around the US for alleged injuries associated with use of talc-containing Johnson’s Baby Powder will grind to a halt as LTL Management LLC – a subsidiary the firm created to hold and manage talc injury claims – files for Chapter 11 protection.

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