J&J Adds $6.9bn To Talc Settlement Proposal To Smooth Path To Kenvue Consumer Spinoff

Firm proposes larger funding agreement to settle North American talc claims, apparently pivoting from appealing to Supreme Court a January circuit court decision upholding bankruptcy court ruling that its LTL subsidiary isn’t “financially distressed” enough to file for Chapter protection.

• Source: Shutterstock

A $6.9bn larger settlement proposal from Johnson & Johnson subsidiary LTL Management LLC has secured the approval of more than 60,000 talc claimants, a potential sign pointing to the firm putting its sprawling, years-long litigation odyssey behind it if approved by the courts.

J&J on 4 April announced says LTL has re-filed for Chapter 11 bankruptcy protection in order to obtain approval...

HBW Podcast

Explore how consumer health is evolving. On the go.

David Ridley hosts in-depth conversations with industry leaders.

More from International

More from Geography