|
|
|
|
|
|
|
|
|
|
$26 Billion Opioid Settlement In the Offing; Under Potential Bankruptcy, J&J Can Corral Talc Litigation
|
|
|
|
|
|
|
|
Good day. Placing a subsidiary comes with its own risks and rewards. We look at how this could play out if Johnson & Johnson takes such a measure to drive settlements of thousands of injury claims over talc-containing baby powder.
Meanwhile, AmerisourceBergen, Cardinal Health, McKesson and Johnson & Johnson have been negotiating the deal, which is expected to be announced this week, as a way to resolve thousands of opioid lawsuits filed by state and local governments.
|
|
|
|
|
|
|
|
From 1999 to 2019, the U.S. lost nearly half a million people to overdoses of prescription and illegal opioids.
PHOTO: KEITH SRAKOCIC/ASSOCIATED PRESS
|
|
|
|
|
Drug Companies, States Near $26 Billion Opioid Settlement
|
|
|
Thousands of opioid-crisis lawsuits filed against major drugmakers and distributors are nearing a conclusion, with the outlines of a $26 billion deal between states and four companies expected to be announced this week and a $1 billion settlement to resolve some of New York’s claims likely today, people familiar with the matter said.
|
|
Bankruptcy Can Help Johnson & Johnson Corral Vast Talc Litigation
|
|
|
Johnson & Johnson has told personal injury attorneys it is considering putting a subsidiary into bankruptcy to corral thousands of lawsuits alleging its talcum-based baby powder caused ovarian cancer and mesothelioma. Here is how a chapter 11 filing could affect the legal fight between the healthcare giant and the thousands of people who blame one of its flagship products for their cancer.
|
|
|
|
|
“Victims don’t want to sit and wait for 10 years while this slowly meanders its way through the court system."
|
|
— Samir Parikh, a professor at Lewis & Clark Law School
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THE WALL STREET JOURNAL
|
|
|
|
|
How Jitters About the Global Economy Are Rippling Through Markets
|
|
|
Stocks, bond yields and oil prices declined Monday in the most acute sign yet that investors are second-guessing the strength of the global economic recovery that sent markets soaring this year.
|
|
|
|
|
AMC Entertainment Holdings Inc., the world’s largest movie theater chain, is taking over former Pacific Theatres locations at the Americana at Brand in Glendale and the Grove shopping center, the company said Monday. (Los Angeles Times)
As a series of wildfires continue to scorch more than 158,000 acres of bone dry forest landscape in Northern California, PG&E revealed that its equipment may have helped spark a growing blaze roaring through remote terrain in Butte County. (San Jose Mercury News)
Now it’s possible to file for bankruptcy even if you can’t afford the fees. (South Florida Sun Sentinel)
Barge operator Bouchard Transportation Co. selected Hartree Partners LP’s $110 million offer as a starting bid for its assets to be sold in bankruptcy auction. (Bloomberg)
|
|
|
|
|
|
|
|
|
|
|
|
