Johnson & Johnson talc spin-off files for bankruptcy
MONTGOMERY, Alabama (WSFA) – Lawyers representing the women who sued Johnson & Johnson say they are not backing down.
“They knew from the start that they were causing this problem, they hid it, and now they’ve been caught,” Jere Beasley of Montgomery-based law firm Beasley-Allen said Friday.
They allege that Johnson & Johnson’s body talcum powder caused ovarian cancer. In response to the lawsuits, J&J announced the creation of a new, separate subsidiary called LTL Management, LLC to handle legal claims. At the same time, J&J bankrupted the subsidiary.
According to the bankruptcy filing, J&J proposes to create a $ 2 billion settlement fund. Beasley-Allen, who represents many plaintiffs, said the money was nowhere near enough to compensate the victims.
“It’s half of a trillion dollar business with a credit rating that’s as good as the US government, if not better, and they claim poverty while they’ve killed tens of thousands, if not 100.” 000 women in the last 100 years. I mean, it’s ridiculous, âsaid Ted Meadows of Beasley-Allen.
According to the law firm, medical expenses related to ovarian cancer often exceed $ 500,000 per victim.
They say Johnson & Johnson are hiding behind bankruptcy instead of doing what’s right.
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