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Legal-Bay Settlement Funding Breaking News: J&J Talc $9 Billion Lawsuit Settlement in Limbo as Bankruptcy Court Dismisses Bankruptcy Filing
By AP News - Apr 01, 2025, 07:47 PM ET
Last Updated - Apr 01, 2025, 07:47 PM EDT
Federal Judge Christopher Lopez questioned the fundamental basis of bankruptcy, and plaintiffs' lawyers who opposed it are now vindicated. What's next?
HOUSTON, April 1, 2025 /PRNewswire/ -- Legal-Bay, The pre-settlement funding company, announced today that Johnson and Johnson's proposed $9 billion talcum powder settlement is back in limbo as the bankruptcy strategy has now been discredited and the filing in Texas federal court has been dismissed.
What's next? The parties go back to the drawing board in the almost decade-long case. The $9BB that was on the table was approved by 75% of the plaintiffs, leaving 25% who opposed it—including many of the very law firms fighting for them. Yesterday's decision was a major win for plaintiffs who simply did not feel the award amounts were enough to compensate for their ovarian cancer diagnoses. J&J is on the losing end of this, as the litigation will now most likely require a traditional resolution: Trial or settlement.
However, J&J continues to fight liability of its landmark product. Their baby powder formula has been updated in the U.S. talc to a corn starch base which enables them to continue selling a safer product to consumers. Meanwhile, overseas markets are still distributing the original talc-based product, as the company continues to insist it is safe to use.
Chris Janish, CEO of Legal-Bay, says, "The Johnson and Johnson case is probably the largest mass tort product liability litigation of all time, as claimants are now approaching the 100,000 mark. The 'Texas Two Step' bankruptcy strategy has now failed three times which in baseball means you are out. J&J and the plaintiffs' lawyers need to go back to the drawing board yet again in order to come up with a resolution that allows victims and their families to finally move on once and for all. We expect J&J's offer to be upped over the $9Bil if the case remains active."
If you're a plaintiff in an active talc baby powder lawsuit and need an immediate cash advance lawsuit loan against your anticipated settlement, please visit Legal-Bay HERE or call toll-free: 877.571.0405.
Legal-Bay is known as one of the best lawsuit loan companies in the industry and are actively assisting women with ovarian cancer injuries from talc powder and Pfizer's Depo-Provera which could cause brain tumors. They have been a leading lawsuit funding provider in mass tort litigations such as J&J Ethicon transvaginal Physiomesh, C-Qur mesh, Bard hernia mesh cases, Bard IVC cases, Cook IVC filter cases, Essure birth control devices, DePuy hip replacement and Pinnacle hip replacements, Monsanto Roundup weed killer mesothelioma/asbestos cases, and many more.
Legal-Bay's pre settlement funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. The non-recourse law suit loans—sometimes referred to as loans for lawsuit or loans on settlement—are risk-free, as the money doesn't need to be repaid should you lose your case. Therefore, the lawsuit loans aren't really a loan, but rather a cash advance.
If you need legal funding or have questions about your possible claims, feel free to reach out to Legal-Bay who can assist you in your time of need. To apply right now, please visit the company's website HERE or call toll-free: 877.571.0405
Contact: | Chris Janish, CEO |
Email: | |
Ph.: | 877.571.0405 |
Website: |
View original content to download multimedia: https://www.prnewswire.com/news-releases/legal-bay-settlement-funding-breaking-news-jj-talc-9-billion-lawsuit-settlement-in-limbo-as-bankruptcy-court-dismisses-bankruptcy-filing-302417298.html
SOURCE Legal-Bay, LLC
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