chapter 11 bankruptcy news

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.

Seeking Alpha on MSN · 4h

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.

The Wall Street Journal on MSN · 4h

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.

U.S. News & World Report · 5h

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.

SoapBox | Tupperware files for bankruptcy

NJ.com · 2d

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.

New York Daily News · 2d

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.

The Associated Press - Busines… · 2d

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 sale, “in order to protect its iconic brand,” the company said just

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 ...

Hoodline3h

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.

Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO

Former P.F. Chang’s CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain.

Investopedia1y

Chapter 11 Bankruptcy: What's Involved, Pros & Cons of Filing

Investopedia / NoNo Flores Chapter 11 is a form of bankruptcy that involves the court-supervised reorganization of a debtor's assets and liabilities. It is most commonly used by businesses and is ...

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 ...

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