U.S. judge halts Johnson & Johnson talc litigation for 60 days By Reuters
© Reuters. FILE PHOTO: A bottle of Johnson and Johnson Child Powder is seen in a photograph illustration taken in New York, February 24, 2016. REUTERS/Mike Segar/Illustration
CHARLOTTE, N.C. (Reuters) -A U.S. chapter choose on Wednesday put a 60-day halt on tens of 1000’s of authorized claims towards Johnson & Johnson (NYSE:) that allege its talc-based merchandise trigger most cancers.
U.S. Chapter Decide Craig Whitley ordered the halt at a listening to in Charlotte, North Carolina.
He additionally determined to switch the talc instances to a federal court docket in New Jersey, the place J&J is predicated and the place a lot of the nationwide litigation over its talc merchandise is being carried out.
Whitley dominated in response to a request from LTL Administration LLC, a J&J unit created by the mum or dad firm to carry its talc liabilities, to halt the talc instances whereas it pursued a Chapter 11 restructuring. The mum or dad didn’t file for chapter.
Shares of J&J had been up about 1% after the ruling.
The New Brunswick (NYSE:), New Jersey-based firm has maintained that its talc merchandise are secure.
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