Analysis

4 Things To Know About J&J's Latest Talc Bankruptcy

By Vince Sullivan · September 25, 2024, 3:03 PM EDT

Johnson & Johnson moved a newly created talc unit into Chapter 11 in Texas last week, renewing its efforts to address billions of dollars in potential liability tied to its talc...

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Bankruptcy Scorecard

Summary

Red River Talc, the latest talc liability spin off of cosmetics and pharmacy giant Johnson & Johnson, filed for Chapter 11 bankruptcy with plans to set up an $8 billion trust to settle claims that J&J baby powder caused cancer. The latest filing comes after J&J's previous two talc-liability spin off bankruptcies were dismissed.

Case Number

24-bk-90505

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Red River Talc LLC

Case Number

4:24-bk-90505

Court

Texas Southern

Nature of Suit

Date Filed

September 20, 2024

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