J&J Unit Seeks Chapter 11 Bankruptcy for Third Time
J&J Unit Seeks Chapter 11 Bankruptcy for Third Time Over Baby Powder Suits
Johnson & Johnson said Friday a majority of baby powder users agreed to back an around $8 billion settlement of claims the talc-based product gave them cancer, a key step as the company makes its third attempt to resolve thousands of lawsuits in bankruptcy court.
J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder (2)
Johnson & Johnson said it received overwhelming support for a roughly $8 billion settlement of claims that its talc-based baby powder caused cancer, a key step as the company makes its third attempt to resolve thousands of lawsuits in bankruptcy court.
J&J Subsidiary Files for Bankruptcy to Advance $8 Billion Talc Settlement
The J&J Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers.
Johnson & Johnson unit seeks third Chapter 11 bankruptcy filing to settle talc claims
A Johnson & Johnson (NYSE:JNJ) subsidiary, Red River Talc, that has been formed to handle claims related to the healthcare giant's talc-based products, filed a voluntary prepackaged Chapter 11 bankruptcy case Friday to resolve current and future claims linked to ovarian cancer.
Johnson & Johnson Files Third Bankruptcy Case Seeking to End Talc Lawsuits
The healthcare-products company is taking another shot at resolving mass cancer lawsuits in chapter 11 after two failed attempts.
Red Lobster exits Chapter 11 bankruptcy with new CEO. What to know about Damola Adamolekun
The restaurant chain Red Lobster announced Monday the company exited Chapter 11 bankruptcy and has a new chief executive ...
Red Lobster survives Chapter 11 bankruptcy under new ownership
Red Lobster, the seafood chain known for its endless shrimp deals and cheddar bay biscuits, has emerged from Chapter 11 ...
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Red Lobster Emerges from Chapter 11 Under New CEO Damola Adamolekun, Secures $60 Million to Enhance Customer Experience
Red Lobster emerges from Chapter 11 with Damola Adamolekun as CEO and $60 million in funding to enhance dining experiences.
Tupperware Brands files for Chapter 11 bankruptcy
Kissimmee-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a ...
Tupperware files for Chapter 11 bankruptcy due to declining sales, 3 months after laying off 150 employees
Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.
Tupperware files for Chapter 11 bankruptcy with $1.2 billion in debt
Tupperware is literally the household name in food storage, but its sales have declined in the past five years.
What Chapter 11 bankruptcy filings by retailers will mean for commercial real estate
Chapter 11 bankruptcy protection earlier this month. It plans to close more than 300 stores as part of its restructuring.
Tupperware filing Chapter 11 bankruptcy amid falling sales
Tupperware — the company that sells those nostalgic, lidded plastic containers from your youth — is trying to file for ...
After Sinking To The Bottom, Red Lobster Snapped Up From Chapter 11
Seafood chain Red Lobster has exited Chapter 11 restructuring after approval for a $375 million acquisition by RL Investor ...
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EXEC: Giant Group Subsidiary Acquires Stages Cycling Assets Out of Chapter 11
SPIA Cycling, Inc., a subsidiary of Taiwan-based The Giant Group, has successfully acquired key assets of the Stages Cycling brand from its owner companies, some of which filed for Chapter 11 ...