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Violation Tracker Individual Record

Company: Johnson & Johnson
Current Parent CompanyJohnson & Johnson
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $8,900,000,000
Year: 2023
Date: April 4, 2023
Offense Group: safety-related offenses
Primary Offense: product safety violation
Mega-ScandalTalc Litigation
Violation Description: Johnson & Johnson announced that its subsidiary LTL Management LLC re-filed for voluntary Chapter 11 bankruptcy protection to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against J&J and its affiliates in North America. To that end, J&J agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL secured commitments from over 60,000 current claimants to support a global resolution on these terms.
Level of Government: federal
Action Type: private litigation
Court: District of New Jersey Bankruptcy Court
Civil or Criminal Case: civil
Case ID: 3:21-bk-30589
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.