{"id":55602,"date":"2023-04-06T18:06:31","date_gmt":"2023-04-06T16:06:31","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/beasley-allen-ashcraft-gerel-law-firms-talc-mdl-leadership-rejects-johnson-johnsons-second-attempt-to-abuse-bankruptcy-process\/"},"modified":"2023-04-06T18:06:31","modified_gmt":"2023-04-06T16:06:31","slug":"beasley-allen-ashcraft-gerel-law-firms-talc-mdl-leadership-rejects-johnson-johnsons-second-attempt-to-abuse-bankruptcy-process","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/beasley-allen-ashcraft-gerel-law-firms-talc-mdl-leadership-rejects-johnson-johnsons-second-attempt-to-abuse-bankruptcy-process\/","title":{"rendered":"Beasley Allen\/Ashcraft & Gerel Law Firms: Talc MDL Leadership Rejects Johnson & Johnson\u2019s Second Attempt to Abuse Bankruptcy Process"},"content":{"rendered":"
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TRENTON, N.J.–(BUSINESS WIRE)–This week, Johnson & Johnson announced what the company says is a resolution of tens of thousands of talc ovarian cancer and mesothelioma claims.<\/p>\n

\nThe following statement is a reaction from attorneys Leigh O\u2019Dell<\/a> of the Beasley Allen Law Firm and Michelle Parfitt<\/a> of Ashcraft & Gerel, co-chairs of the plaintiffs\u2019 steering committee in the federal court multidistrict litigation of these cases:<\/p>\n

\nJ&J\u2019s arrogance is boundless, and its mockery of the court system demonstrates a callous, bullying mindset. There are no tactics too underhanded for the company to use to try to avoid paying reasonable compensation to these cancer victims.<\/i><\/p>\n

\nThe talc \u201csettlement\u201d being touted by J&J and the media is NOT a settlement. It is an illusory proposal for a bankruptcy plan, yet another attempt by J&J to misuse the bankruptcy system. All 14 members of the plaintiffs\u2019 steering committee reject this proposal.<\/i><\/p>\n

\nIn fact, the terms are considerably worse than a proposal that we and other firms representing ovarian cancer victims rejected last June, at a time when it appeared that all plaintiffs could be stuck in bankruptcy court for years. Since then, the Third Circuit Court of Appeals set aside J&J\u2019s bankruptcy and our negotiating position significantly improved.<\/i><\/p>\n

\nThe settlement that J&J is now trying to impose on plaintiffs, with the aid of a small number of firms handling talc cases, includes:<\/i><\/p>\n