"Federal Judge Knocks Down Johnson & Johnson’s Second Attempt To Use Bankruptcy Claim In Billion-Dollar Talc Case"
Genova Burns' Bankruptcy Team Helps Bring Latest Legal Victory Covered In ROI-NJ
August 1, 2023
Highly regarded bankruptcy team Daniel M. Stolz, Esq., Donald W. Clarke, Esq. and Gregory S. Kinoian, Esq. of Genova Burns help bring latest legal victory covered in ROI-NJ: "Federal judge knocks down Johnson & Johnson’s second attempt to use bankruptcy claim in billion-dollar talc case".
The Official Committee of Talc Claimants, which includes Mr. Stolz of Genova Burns, said it was thrilled the court dismissed the second bankruptcy attempt.
“We believe the decision of the Honorable Chief Judge Kaplan was thoughtful, well-reasoned, and well-supported by the facts and law,” they said in a statement. “This outcome now frees tens of thousands of victims to seek their justice through the tort system and, either before juries of their peers or by settlement on terms acceptable to them.”
"Johnson & Johnson’s second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy was shot down by U.S. Bankruptcy Judge Michael Kaplan in Trenton – blocking a proposed $8.9 billion settlement that would stop new lawsuits from being filed. J&J said it will appeal the decision."
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