Legal
J&J’s $8.2 Billion Talc Settlement Faces January Court Test
- Lawyers are sparring over the voting that backed the accord
- A federal judge in Houston to rule on the 15-year legal battle
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The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.
After months of wrangling, a federal judge in Houston early next year will decide whether J&J’s bid to quickly settle the claims with an $8.2 billion payout can move ahead. A lead attorney for holdouts insists a vote by claimants in support of the deal was rigged, a charge that J&J denies.