Statement by Coalition Representing More than 77,500 Individuals Harmed by Baby Powder Products
June 21 2024 - 1:16PM
Business Wire
Ad Hoc Group of Counsel Support Swift and Fair
Resolution Through the Bankruptcy Process
The following is a statement from the Ad Hoc Group of Counsel
representing individuals harmed by baby powder products:
“Our coalition proudly supports the fair and timely resolution
of this matter through the bankruptcy process. The $6.48 billion
negotiated settlement will be the quickest and fairest path to
compensation for tens of thousands of people harmed by their usage
of Johnson & Johnson’s talcum powder products.
“The firms leading the opposition to the bankruptcy have had
ample opportunity over the past decade to garner consensus, without
success. We believe that their opposition to the groundbreaking
settlement is motivated by a desire to enrich themselves at the
expense of victims.
“It is well past time for the other side to put aside the
mudslinging and intimidation tactics and instead focus on obtaining
justice for victims who are succumbing to ovarian and other cancers
each year this matter drags on. Resolution of these cancer cases
through Chapter 11 is what it will take to finally provide
compensation to the victims. The process promotes centralization
and efficiency, leading to predictable outcomes backed by
historical precedent.
“We believe the Chapter 11 process is the only path to swift,
sufficient and equitable compensation for the talc victims. It is
also a highly efficient and democratic process that provides
victims a voice through the voting process, which is denied in
multidistrict litigation. We have a great deal of respect for our
clients and trust them to make the right decision that will be in
their own best interests.”
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