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Share Name Share Symbol Market Type
Johnson and Johnson NYSE:JNJ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.21 1.31% 170.59 171.91 169.00 169.39 9,066,685 22:29:47

Bankruptcy Administrator Seeks Formation of J&J Talc Claimant Committee

28/10/2021 10:15pm

Dow Jones News


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By Jonathan Randles

 

A bankruptcy administrator overseeing the chapter 11 case of a Johnson & Johnson subsidiary on Thursday asked a judge to appoint an official committee for people alleging talc in the company's products caused cancer or other injuries.

U.S. Bankruptcy Administrator Shelley Abel said in a filing in the U.S. Bankruptcy Court in Charlotte, N.C., that she's received responses from more than 50 parties expressing interest in joining a talc injury committee that would have a role in the bankruptcy case.

J&J undertook a corporate restructuring earlier this month that effectively shifted nearly 40,000 talc injury claims to the Charlotte bankruptcy court.

Ms. Abel previously sought to transfer the bankruptcy to J&J's home state of New Jersey, a request a bankruptcy judge is scheduled to consider next month.

 

Write to Jonathan Randles at jonathan.randles@wsj.com

 

(END) Dow Jones Newswires

October 28, 2021 17:00 ET (21:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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