Background

Johnson & Johnson’s Talc Settlement Scheme Unveiled – We’ve Got a New Hero in Bankruptcy Court

AltcoinsCrypto NewsHack 3 Barry Thompson August 16, 2024

An illustration of a giant talcum powder can with an open lid, releasing white clouds into the air as it falls towards bankruptcy court in Texas, while above it flies a plane carrying 75% support votes from claimants and below it crawls a snake representing asbestos claims that have been excluded. The background is filled with swirling stormy weather symbolizing J&J's turbulent legal battles. A smaller talcum powder can at the bottom of the illustration has "safe" written on its side, while another one in the distance bears an X marked through it signifying cancer-causing allegations.

Big pharma’s latest scheme is like something out of a bad soap opera: Johnson & Johnson (the good guy) versus thousands of cancer patients who claim their talc products caused them harm, and the real hero – bankruptcy court! You see, after two previous attempts to use Chapter 11 protection failed in New Jersey courts due to lack of financial distress on J&J’s part, they’re now trying again… this time with a Texas twist. Because what could possibly go wrong when you take your problems from one state and try them out in another? It gets even better: instead of addressing all claims (including mesothelioma), the settlement only covers ovarian cancer cases – because who needs to worry about asbestos, right

Source: www.reuters

Exclusive: J&J near disclosing support for talc settlement, sources say
https://www.reuters.com/legal/jj-near-disclosing-support-talc-settlement-sources-say-2024-08-14/
NEW YORK, Aug 14 (Reuters) - Johnson & Johnson (JNJ.N), opens new tab is preparing to unveil widespread support in coming days for a $6.48 billion offer to settle tens of thousands of legal actions alleging its Baby Powder and other talc products caused cancer, two people familiar with the matter said. The healthcare giant plans as soon as Friday to disclose that 75% or more of claimants alleging J&J […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter