Votes & Verdicts

J&J, 3M's Chap 11 Play in Talc, Earplug Mass Torts


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Johnson & Johnson, facing tens of thousands of lawsuits over allegations its talcum powder causes cancer, has twice attempted to use bankruptcy proceedings to reach global resolution of cases, and twice has failed. Will a potential third bankruptcy attempt by its unit bear different results? 3M, which faced hundreds of thousands of lawsuits over allegedly defective earplugs, attempted and failed to use bankruptcy proceedings to address lawsuits, yet announced a settlement of over 240,000 cases in 2H. In this Votes and Verdicts podcast episode, Bloomberg Intelligence litigation analyst Holly Froum is joined by bankruptcy litigation analyst Negisa Balluku to discuss the two companies’ maneuvers, J&J’s potential third petition, bankruptcy rulings winding their way through appellate courts, potential US Supreme Court review and more.

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Votes & VerdictsBy Bloomberg