Plaintiffs Call J&J Talc Subsidiary Estimation Bid 'A Road to Nowhere'
July 26 2022 - 6:12PM
Dow Jones News
A lawyer representing individuals with talc injury claims
against Johnson & Johnson Inc. called a request by the
company's bankrupt subsidiary to estimate a dollar value for the
litigation "a road to nowhere."
David Molton, a lawyer representing a committee of injury
claimants, during a hearing Tuesday in the U.S. Bankruptcy Court in
Trenton, N.J., said J&J's talc subsidiary LTL Management LLC
has a nearly unlimited pool of funds from the consumer health giant
to pay plaintiffs the full value of their legal claims against the
company.
Mr. Molton said LTL's pending request for a bankruptcy judge to
estimate the value of the litigation and pay plaintiffs less than
they believe they are entitled to was a non-starter.
U.S. Bankruptcy Judge Michael Kaplan said he would rule Thursday
morning on the request for an estimation proceeding.
Write to Jonathan Randles at jonathan.randles@wsj.com
(END) Dow Jones Newswires
July 26, 2022 17:57 ET (21:57 GMT)
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