preloader icon

Apex Trader Funding (ATF) - News

Judge Blocks Cancer Victims' Attempt To Stop Johnson & Johnson Bankruptcy Plan

A federal judge has denied a group of cancer victims’ request to halt Johnson & Johnson (NYSE:JNJ) from moving forward with a proposed bankruptcy settlement addressing tens of thousands of lawsuits alleging the company’s talc products, including baby powder, contain cancer-causing asbestos. On June 11, the cancer victims sought a preliminary order in New Jersey to prevent J&J from filing for bankruptcy outside the state, aiming to disrupt the $6.48 billion settlement plan. However, U.S. District Judge Michael Shipp ruled that he could not grant the motion, stating that the potential harm to the victims was “strictly hypothetical,” Reuters reported. The judge noted that he lacked jurisdiction to resolve disputes over ...