Bankruptcy Judge Pauses New Mexico, Mississippi Lawsuits Over J&J Talc Products
04 Outubro 2022 - 8:24PM
Dow Jones News
By Jonathan Randles
A New Jersey bankruptcy judge on Tuesday paused
consumer-protection lawsuits brought by New Mexico and Mississippi
linking Johnson & Johnson's talc-based products to cancer.
Judge Michael Kaplan of the U.S. Bankruptcy Court in Trenton
agreed to extend the legal stay protecting J&J's bankrupt talc
unit to the parent company, even though it isn't in chapter 11.
Judge Kaplan ruled the talc subsidiary, LTL Management LLC, and
its chapter 11 case would be irreparably harmed if the state
attorneys general were allowed to move ahead with their lawsuits
against J&J during the bankruptcy.
The state lawsuits allege that J&J was aware that its
talc-based products contained cancer-causing asbestos but refused
to post a warning on its products, which the company denies.
The accusations raised by New Mexico and Mississippi concern the
central dispute in LTL's bankruptcy case and would disrupt it if
they were allowed to move forward, Judge Kaplan said.
The judge also indicated he wouldn't put the state lawsuits on
hold indefinitely and would revisit his ruling in December.
Although the pause will benefit J&J, Judge Kaplan said the
benefits to the company are relatively small compared to the
potential harm to LTL and its prospect for settling all
talc-related claims against it in chapter 11.
Write to Jonathan Randles at jonathan.randles@wsj.com
(END) Dow Jones Newswires
October 04, 2022 19:09 ET (23:09 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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