Bottles of Johnson's baby powder are displayed in a store in New York City, US, Jan 22, 2019.A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company's baby powder and other talc products contain cancer-causing asbestos.
But US District Judge Michael Shipp on Friday said he could not grant the motion because any harm to the victims was "strictly hypothetical". He said he had no jurisdiction to resolve a dispute over "events that have not, and may never, occur".J&J hopes to garner support from 75 per cent of claimants as part of the prepackaged bankruptcy plan. It has set a July 26 voting deadline.
J&J maintains its talc is safe, asbestos-free and does not cause cancer. The company contends a bankruptcy settlement pays claimants fairly and equitably, as opposed to the civil justice system in which most plaintiffs receive nothing while some win outsized awards. J&J has failed twice to execute a bankruptcy manoeuvre aimed at ending current and future talc lawsuits.
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