A judge of the United States Banking Court has denied Johnson AND Johnson’s settlement plan related to baby dust containing talc, providing another setback in the company’s efforts to solve the matter.
This is the third case of bankruptcy for a JANDJ company in relation to the problem of baby powder.
River Talc LLC, AJANDJ Subsidiary, sought the confirmation of a bankruptcy plan of chapter 11 prempquered proposed that would have been one of the largest mass grievance agreements in history, if approved. Río Red YjANDJ proposed to pay $ 9 billion to resolve ovarian cancer and other statements of gynecological cancer -based litigation based on product -related products.
But Judge Christopher López, from the United States Banking Court for the Southern Texas District, the Houston division said in a court that presents that JANDJ used a defective voter application process when it comes to personal injury claims.
JANDJ said in a statement that an appeal will not follow, and instead he will return to the civil law system “to litigate and defeat these talcal statements without merit.” It will also reverse around $ 7 billion of a previous reservation.
The company said it has resolved 95% of the Mesotelioma demands presented, concluded all state consumer protection claims and all talc disputes.
Last year a subsidiary of JANDJ proposed To pay approximately $ 6.48 billion in 25 years as part of an agreement in the US. To cover the accusations that its baby dust contains talcum caused ovarian cancer.
The demands filed against JANDJ had claimed that their talc dust caused users to develop ovarian cancer through the use of female hygiene, or Mesotelioma, a cancer that hits the lungs and other organs.
The statements contributed to a fall in JANDThe Baby Powder of J sales, which leads the company to stop selling its talcum -based products in 2020. In 2022JANDJ announced plans to stop product sales worldwide.
JANDJ said at that time that the reorganization plan for the subsidiary was significantly different from a previous reorganization that was announced. The company said the Plan would resolve 99.75% of all slope talc demands against it and its affiliates in the United States.
At that time, JANDJ
J.ANDJ decreased more than 3% before the market opened on Tuesday.
