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Nachawati Law Group Files New Ovarian Cancer Lawsuits Against Johnson & Johnson After Latest Bankruptcy Ploy Fails

1. Johnson & Johnson faces renewed lawsuits over talc-based products linked to cancer. 2. Federal bankruptcy judge dismissed J&J’s third bankruptcy attempt to limit liability. 3. Over 50,000 women claim cancer from the long-term use of J&J products. 4. Lawyers signal readiness to file more cases against J&J in various states. 5. J&J's attempts to use bankruptcy for legal protection have been rejected.

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FAQ

Why Very Bearish?

Renewed litigation and dismissal of bankruptcy plans can significantly harm JNJ's market reputation and lead to financial liabilities, similar to how other companies have suffered stock price declines due to product liability lawsuits.

How important is it?

The article contains direct information about ongoing lawsuits, which could lead to significant financial impacts on JNJ. The high number of claimants and the rejection of bankruptcy protection make it a crucial development for investors.

Why Long Term?

The legal processes in mass tort cases can take years, potentially affecting JNJ's financial stability over an extended period, as seen in long litigation periods for similar cases in other companies.

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PGUNHABT
-‘Courthouse doors are open again’: Filings signal litigation restart after years of delays DALLAS--(BUSINESS WIRE)--Following a third failed bankruptcy maneuver by Johnson & Johnson (NYSE: JNJ), trial lawyers with Dallas-based Nachawati Law Group have filed three new lawsuits on behalf of women who developed cancer after prolonged use of the company’s talc-based products. The filings come as courts across the country prepare to restart proceedings in one of the largest mass torts in U.S. history after a federal bankruptcy judge dismissed J&J’s third attempt to shield itself from litigation through a controversial bankruptcy ploy. More than 50,000 women allege they developed ovarian cancer or other gynecological cancers from long-term use of Johnson’s Baby Powder and other products. “Our recent talc ovarian cancer filings in DC and Florida are direct messages to Johnson & Johnson and the sellers of talc-based products, of our willingness and eagerness to resume the fight on behalf of our clients against the corporate malfeasances that have harmed our clients and resulted in their tragic cancer diagnoses,” said trial lawyer Charlie Stern. “After waiting many years to resume this fight as the sham J&J bankruptcies worked their way through the courts and were eventually all dismissed, we anticipate filing more cases like these in states around the country to hold these bad actors accountable for their decades worth of nefarious activities.” J&J’s proposed settlement, which was part of its third attempt to use the so-called “Texas Two-Step” legal maneuver, was rejected by U.S. Bankruptcy Judge Christopher Lopez, who cited problems with the claimants’ voting process and found the plan improperly sought to extend legal protections to non-debtor entities, shielding them from future liability without the consent of all affected plaintiffs. “For far too long, Johnson & Johnson has used the bankruptcy system as a tool to delay and deny justice,” said firm founder Majed Nachawati. “The courthouse doors are open again, and we are walking through them. Our clients have a constitutional right to be heard, and we intend to make sure that happens.” Nachawati Law Group represents thousands of women nationwide who developed ovarian cancer after using Johnson’s Baby Powder and other talc-based products that internal company documents have shown may be contaminated with asbestos. The firm has consistently fought for accountability, both in court and in good-faith discussions to resolve claims. About Nachawati Law Group Nachawati Law Group represents individuals in mass tort litigation, businesses and governmental entities in contingent litigation and individual victims in complex personal injury litigation. For more information, visit https://ntrial.com More News From Nachawati Law Group

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