Newly released J&J bankruptcy plan for compensating talcum powder cancer claims includes Canadian claims
A Johnson & Johnson subsidiary that is pursuing a US bankruptcy to resolve thousands of talcum powder lawsuits has filed its plan for compensating cancer victims with pending claims, and the proposed plan directly impacts the rights of Canadians. The Chapter 11 Plan of Reorganization pr…
View the post titled Newly released J&J bankruptcy plan for compensating talcum powder cancer claims includes Canadian claimsJ&J files new bankruptcy case to address talcum powder claims after initial bankruptcy case rejected
On April 4, 2023, Johnson & Johnson announced a new proposed plan to commit $8.9 billion USD to “resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America” through a newly filed Chapter 11 case in a US bankruptcy court. The proposed…
View the post titled J&J files new bankruptcy case to address talcum powder claims after initial bankruptcy case rejectedJohnson & Johnson’s bankruptcy strategy for talcum powder cancer lawsuits rejected by US Court
A US Court of Appeals has rejected a controversial strategy by Johnson & Johnson to use a bankruptcy as a way to deal with billions of dollars worth of claims filed against the company by cancer victims, who allege that J&J’s talcum powder products (e.g., baby powder) cause cancer.…
View the post titled Johnson & Johnson’s bankruptcy strategy for talcum powder cancer lawsuits rejected by US CourtWhy the Supreme Court decision in AbitibiBowater won’t work
We have written several times about the Supreme Court of Canada’s decision in AbitibiBowater v. Newfoundland, in which insolvency law trumped environmental orders. Today, we want to tell you more about the rule the court laid down, and why it is likely to have perverse consequences. In…
View the post titled Why the Supreme Court decision in AbitibiBowater won’t workAnnual review of insolvency law: Why Abitibi rule is backwards
Dianne Saxe gave a well received presentation on the Abitibi case at the Annual Review of Insolvency Law in Montréal during the big snowstorm. In essence, Dianne believes that the Supreme Court’s decision, that the provincial environmental orders were subject to federal insolvency rule…
View the post titled Annual review of insolvency law: Why Abitibi rule is backwardsCreditor or regulator? Nortel, the MOE and environment v insolvency
If there are continuing operations, there has to be ongoing compliance with environmental legislation. But if there are no ongoing operations, the environmental regulator has to rely on its security, failing which it has unsecured status.
View the post titled Creditor or regulator? Nortel, the MOE and environment v insolvencyReceive Blog Posts
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