Court Rejects Johnson & Johnson Bankruptcy Strategy For 1000s Of Baby-Powder Lawsuits

A U.S. court on Monday rejected pharmaceutical company Johnson & Johnson’s bankruptcy strategy to resolve billions of dollars in lawsuits that alleged the firm’s talc products cause cancer.

A decision handed down by the U.S. Third Circuit Court of Appeals in Philadelphia dismissed a Chapter 11 petition filed by a recently created J&J subsidiary LTL Management in October to address more than 38,000 lawsuits from plaintiffs alleging the company’s baby powder and other talc products caused cancer.

Before the bankruptcy filing, J&J faced costs from $3.5 billion in verdicts and settlements, including one in which 22 women were eventually awarded a judgment of more than $2 billion, according to court records.

“Applied here, while LTL faces substantial future talc liability, its funding backstop plainly mitigates any financial distress foreseen on its petition date,” wrote a three-judge panel on Monday.

They noted that “good intentions” like protecting the “J&J brand or comprehensively resolve litigation … do not suffice alone,” they wrote.

A spokesperson for the company, which manufactures Tylenol as well as a widely used COVID-19 vaccine, said J&J will appeal the decision. The spokesperson maintained that the company’s talc products are safe and don’t cause cancer.

“As we have said from the beginning of this process, resolving this matter as quickly and efficiently as possible is in the best interests of claimants and all stakeholders,” J&J spokeswoman Allison Fennell told news outlets in response to Monday’s ruling.

“We continue to stand behind the safety of Johnson’s Baby Powder, which is safe, does not contain asbestos, and does not cause cancer.”

The decision throws into doubt J&J’s long-planned strategy for disposing of talc litigation after it lost a bid to reverse a watershed verdict that eventually awarded more than $2 billion to 22 women who blamed their ovarian cancer on baby powder and other talc products.

https://www.zerohedge.com/medical/court-rejects-johnson-johnson-bankruptcy-strategy-1000s-baby-powder-lawsuits

Putin talks cooperation with US ally

The Russian president spoke with the Saudi crown prince, discussing OPEC Plus

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have discussed bilateral cooperation and measures to stabilize the global oil market in a phone call, the Kremlin stated on Monday.

“Issues of further development of bilateral cooperation in the political, trade, economic and energy fields” were discussed, according to the Kremlin. Furthermore, the two leaders spoke of “cooperation within the framework of OPEC Plus to ensure the stability of the world oil market.”

Putin and Prince Mohammed have spoken several times since Russia launched its military operation in Ukraine last February, with these calls taking place amid a growing rift between Saudi Arabia and the US, the Kingdom’s closest international partner.

Over the last year, Riyadh has deepened its ties with Beijing and declared its readiness to trade oil for Chinese yuan, a move that would threaten the US dollar’s standing as the world’s dominant petrocurrency.

As the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC), Saudi Arabia further snubbed the US last July when it refused to increase oil production following a meeting between Prince Mohammed and US President Joe Biden. An increase would have simultaneously benefited Biden by lowering gas prices in the US ahead of November’s midterm elections, and weakened the Russian economy by reducing its oil revenue.

Instead, OPEC and its allies (a group of nations including Russia that make up the ‘Plus’ in the organization’s title) agreed in October to cut production by two million barrels per day, a move that kept prices steady for the benefit of producers.

With Moscow and Riyadh both interested in maintaining their petroleum profits, the US-backed price cap on Russian oil is viewed in both capitals as a potential threat to revenue. Furthermore, OPEC’s members worry that the measure could become “a global price cap” in the future, potentially ruining their economies.

Washington responded to Saudi Arabia’s refusal to boost production by threatening to re-evaluate its relationship with Riyadh “in a very deliberate fashion.” Democratic lawmakers pressed Biden to halt arms sales to the Kingdom unless it would reverse OPEC’s production cut, accusing the Saudis of “colluding” with Russia.

https://www.rt.com/russia/570713-putin-saudi-phone-call/

>>18256158

I checkedPAST

3 posts

DeSantis studied history at Yale University.

322 man?

>>18256239

He subsequently attended Harvard Law School, graduating in 2005 with a Juris Doctor cum laude.[23][24]

YouTube Insider Leaks “Urgent Guidance” Doc Sent to Employees on How to Handle Project Veritas’ Bombshell Pfizer Video

A YouTube insider leaked the “urgent guidance” document sent to employees on how to handle Project Veritas’ bombshell video exposing Pfizer.

Project Veritas last week dropped a bombshell undercover video of a Pfizer Director admitting the pharma company was experimenting with dangerous gain-of-function on Covid-19 in order to make more money on vaccines.

Project Veritas on Wednesday night released explosive video of Jordon Trishton Walker, Pfizer Director of Research and Development, Strategic Operations, admitting the pharma giant is exploring ‘mutating’ Covid-19 via ‘directed evolution’ so the company can continue to profit off of vaccines.

“One of the things we’re exploring is like, why don’t we just mutate it [COVID] ourselves so we could create — preemptively develop new vaccines, right? So, we have to do that. If we’re gonna do that though, there’s a risk of like, as you could imagine — no one wants to be having a pharma company mutating f**king viruses,” Walker told the undercover Project Veritas journalist.

YouTube jumped into action and deleted Project Veritas’ undercover video of the Pfizer director.

According to Project Veritas founder James O’Keefe, the video had over 800,000 views on YouTube when it was removed.

A YouTube insider leaked the document that led to the deletion of the bombshell video.

YouTube said the Project Veritas video violated their Covid-19 guidelines.

Project Veritas violated their guidelines for (correctly) stating “covid vaccines are ineffective against virus variants.”

https://www.thegatewaypundit.com/2023/01/youtube-insider-leaks-urgent-guidance-doc-sent-employees-handle-project-veritas-bombshell-pfizer-video/