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Lloyd's of London Ltd
Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s
...They previously had unlimited liability for risks, which led to huge financial losses after a surge of asbestos claims in the 1990s....
March 28, 2024
Chemicals
Investors raise pressure over ‘forever chemicals’ amid growing litigation
...A study to be published on Wednesday by risk analysts Praedicat estimates that companies could face personal injury claims of more than $66bn in the US alone, not including claims for environmental damage...
November 14, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
News in-depthBayer AG
Bayer turns to state lobbying in battle over Roundup weedkiller
...This state-by-state strategy had previously been attempted by tobacco and asbestos companies when facing a wave of lawsuits, said Daniel Hinkle, senior state affairs counsel for the American Association...
March 4, 2024
Your QuestionsLucy Warwick-Ching
Should I have a survey on a flat with a 10-year guarantee?
...Sometimes the culprit is a worksite occupier rather than an employer but, typically, a case for an asbestos illness is handled by an insurance company....
September 27, 2023
Energy sector
Anything can be a PFASt-growing industry
...With the ever-increasing flood of claims being filed, increased focus from the current administration, and potential upside risks to claimant payouts from social inflation, the end result could prove material...
January 24, 2024
Johnson & Johnson Co Inc
Talcum powder cancer claims target J&J’s new consumer carve-out
...The company has said its talc is asbestos free and had not caused cancers but argues that settling current and future claims in the bankruptcy system would be preferable to fighting talc claims in the courts...
April 27, 2023
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
ReviewArts
Into The Dirt is a fascinating study of a corporate spy — podcast review
...This New York “global risk advisory” company paid him to go undercover as a filmmaker trying to make a documentary about the campaign to ban asbestos....
July 3, 2023
Koch Industries Inc
Koch Industries’ Texas two-step bankruptcy move challenged
...The scheme enabled the company to divide itself into two separate businesses before placing one of them, Bestwall, which contained all the asbestos claims, into bankruptcy....
February 18, 2023
Transcript
Best Of: Inside Johnson & Johnson’s bankruptcy two-step
...Greg Gordon For many years, I’ve been involved with companies with asbestos liability, and those liabilities are very difficult for companies to deal with because of the thousands of claims they would get...
May 31, 2023
Johnson & Johnson Co Inc
J&J blocked from using bankruptcy to resolve talcum powder lawsuits
...The company said this would lead to a more “efficient” and “equitable” resolution of the claims....
January 30, 2023
News in-depthBankruptcy
Talc ruling a blow to J&J and the ‘Texas two-step’ bankruptcy jig
...For example, last year Georgia-Pacific paid $2.5bn in dividends to Koch Industries even though it spun off a unit facing thousands of asbestos claims in 2017....
February 6, 2023
The Big Read
The battle over M&S Oxford Street and construction’s carbon footprint
...When completed, the company says it will use less than a quarter of the energy of the building it replaces....
July 16, 2023
The Big Read
‘Texas two-step’: the US legal move letting corporations off the hook
...particularly in asbestos cases, are very sick.”...
October 25, 2022
Inside BusinessPeggy Hollinger
Danone lawsuit could be test case for new war on plastics
...As a result, law firm Baker McKenzie expects a “steep increase” in plastics- related lawsuits against companies, a wave that “may even reach the proportions of asbestos, tobacco, or opioid litigation”....
January 18, 2023
Live news updates from August 11: European electricity prices hit record high, Argentina lifts rates to 69.5%
Johnson & Johnson to discontinue talc-based baby powder amid legal avalanche
...cause cancer,” the company said in a statement....
August 11, 2022
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Live news updates from August 12: Trump under Espionage Act investigation, Salman Rushdie stabbed in western New York
Johnson & Johnson to discontinue talc-based baby powder amid legal avalanche
...cause cancer,” the company said in a statement....
August 11, 2022
Johnson & Johnson Co Inc
J&J tries to extend its ‘Texas two-step’ to halt two states’ talc cases
...Several companies facing asbestos-related claims, including Georgia-Pacific, a US unit of France-based Saint-Gobain and Trane Technologies, have deployed the same “Texas two-step” bankruptcy scheme as J&...
August 22, 2022
Due Diligence
‘The greatest innovation in the history of bankruptcy’ Premium content
...deal with mass tort claims....
October 26, 2022
Transcript
Inside Johnson & Johnson’s bankruptcy two-step
...Greg Gordon For many years, I’ve been involved with companies with asbestos liability, and those liabilities are very difficult for companies to deal with because of the thousands of claims they would get...
June 15, 2022
News in-depthLegal services
‘Texas two-step’ outcry risks ending fee bonanza for law firm Jones Day
...It created a new company, called LTL Management, to hold these liabilities and filed for bankruptcy to shield itself from the claims....
February 6, 2022
Johnson & Johnson Co Inc
Johnson & Johnson can proceed with controversial bankruptcy strategy, judge rules
...It argued LTL’s bankruptcy filing was justified due to the severe threat posed to the company’s finances from the talc claims....
February 25, 2022
Health
US lawmakers plan bill to outlaw ‘Texas two-step’ bankruptcy ploy
...They have used the scheme to shield their main businesses from legal claims linked to asbestos claims....
February 28, 2022
Legal services
Architects of ‘Texas two-step’ lambast J&J for its use of the manoeuvre
...The bankruptcy filing has resulted in a stay on almost 40,000 legal claims alleging that the company’s baby talc was sometimes tainted with carcinogenic asbestos....
February 14, 2022
Johnson & Johnson Co Inc
J&J puts newly created subsidiary into bankruptcy over talc claims
...The healthcare industry agreed in 1976 to ensure that all talc products do not contain detectable levels of asbestos....
October 15, 2021
Due Diligence
The law firm that perfected the Texas two-step Premium content
...The firm helped J&J create a limited liability company in Texas, forming the subsidiary that would take on the baby talc claims....
February 8, 2022

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