Johnson & Johnson, through its subsidiary Red River Talc, has filed for bankruptcy for the third time to resolve thousands of lawsuits related to its talc products. This move comes after two previous bankruptcy attempts were rejected by courts. The new plan proposes a $6.5 billion settlement over 25 years to resolve 99.75% of the talc lawsuits, with support from 83% of claimants. This filing marks a significant development in the ongoing saga of Johnson & Johnson’s talc litigation.
New research suggests a significant link between endometriosis and ovarian cancer risk, particularly for women with severe endometriosis. However, experts emphasize that the overall risk remains relatively low and women shouldn’t be unduly concerned. The study, published in JAMA, analyzed data from nearly 78,900 women and found a 4.2-times-higher lifetime risk of ovarian cancer for women with any type of endometriosis. Despite this increase, the risk for women with endometriosis remains lower than the general population’s risk for other cancers like breast, lung, or bowel cancer.
Johnson & Johnson (JNJ) has announced a settlement of $6.475 billion to resolve lawsuits related to ovarian cancer caused by cosmetic talc. The plan includes a three-month period for ovarian cancer claimants to vote on the settlement terms. If approved by 75% of claimants, the company will file for Chapter 11 bankruptcy to ensure the settlement’s confirmation. Johnson & Johnson has previously settled 95% of mesothelioma lawsuits related to talc exposure and allocated $11 billion to cover talc-related settlements.
