
A Federal Appeals Court will revisit the controversial ruling allowing
Johnson & Johnson to use the
Texas Two-Step tactic to transfer individual talc lawsuits to mass bankruptcy claims.
In
February, a U.S. Bankruptcy Court Judge sided with J&J in proceeding with Chapter
11 despite their massive assets, leaving about 38,000 cancer victims on
hold. The ruling was a devastating blow to mesothelioma and ovarian cancer
plaintiffs who were being denied their day in court with limited opportunity
for compensation. The scheme is seen an effort to dodge responsibility
for their asbestos-tainted talc
Baby Powder.
We have now learned that a month following the ruling, the Judge asked
the Third Circuit Court of Appeals to review his decision as soon as possible,
perhaps signaling just how problematic J&J’s misuse of the U.S.
Bankruptcy really was. We will be following this development closely.
To read more, please visit:
https://www.fiercepharma.com/pharma/not-so-fast-johnson-johnsons-texas-two-step-appellate-court-will-revisit