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Johnson & Johnson Back in Court Over Talc-Related Cancer Claims

Lekha Gupta
·2 分鐘文章

  • Yesterday, Johnson & Johnson (NYSE: JNJ) faced the trial related to the lawsuit accusing its baby powder and other talc products of causing cancer.

  • This is the first trial in almost two years related to the suit, with the company seeking to settle thousands of similar cases in bankruptcy court, Reuters reported.

  • Emory Hernandez, aged 24, claims to have developed deadly cancer, mesothelioma, due to exposure to JNJ's talc products when he was a baby.

  • JNJ has denied that its talc contains asbestos, which is related to mesothelioma, or causes cancer.

  • JNJ lawyer, Allison Brown, asserted that the company has thoroughly examined and ensured the absence of contaminants in its talc.

  • She argued that Hernandez's mesothelioma form was rare and more likely related to a family history of heart disease and cancer.

  • Last month, the company's subsidiary LTL Management re-filed for bankruptcy to resolve all talc-based baby powder claims.

  • Related: Yet Again: Johnson & Johnson Subsidiary Seeks Stay On Thousands Of Cancer Lawsuits Associated With Talc Products

  • Amid the bankruptcy proceedings last month, the U.S. Judge halted around 38,000 lawsuits related to the same.

  • However, the U.S. Chief Bankruptcy Judge, Michael Kaplan, allowed Hernandez's trial due to his probable short life.

  • The claimants seek to have the latest bankruptcy filing dismissed.

  • J&J and LTL argued that the bankruptcy would deliver settlement payouts more fairly and equitably than a "lottery" offered by trial courts, where some litigants get significant awards and others nothing.

  • Price Action: JNJ shares are trading lower by 0.75% at $153.90 on the last check on Thursday.

  • Photo via Wikimedia Commons

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This article Johnson & Johnson Back in Court Over Talc-Related Cancer Claims originally appeared on Benzinga.com

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