Resistance to J & J’s bankruptcy bet may be futile

0
By Vince Sullivan (October 15, 2021, 6:10 p.m. EDT) – Lawyers for talc plaintiffs with claims against Johnson & Johnson are determined to challenge the company’s legally gray strategy of bankrupting a subsidiary with its billions of dollars. responsibility in talc, but experts say the battle will likely be difficult.

Johnson & Johnson executed the deals needed to bankrupt a newly formed subsidiary Thursday night after months of strategy discussions, and plaintiffs’ lawyers say their clients are prepared to pursue numerous legal avenues to oppose the maneuvers of the company.

“They are pissed off,” Beasley Allen Crow’s Methvin Portis & Miles PC talc claimant lawyer Ted Meadows said of his …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Leave A Reply

Your email address will not be published.