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Posts Tagged ‘Litigation Liabilities’

Federal Judge Pauses Tens of Thousands of Cancer Lawsuits as J&J Attempts Settlement Through ‘Texas Two Step’ Bankruptcy

J&J 'Texas Two Step' Bankruptcy

Federal Judge Pauses Tens of Thousands of Cancer Lawsuits as J&J Attempts Settlement Through ‘Texas Two Step’ Bankruptcy

A federal bankruptcy judge has again halted lawsuits filed by tens of thousands of cancer victims as part of Johnson & Johnson’s latest attempt to use bankruptcy laws to settle its growing litigation liabilities.

In January 2023, Third Circuit judges dismissed J&J’s first “Texas two-step” Chapter 11 filing, allowing plaintiffs suffering from ovarian cancer, mesothelioma...

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