Judd Legum

@JuddLegum ↗

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Last Checked June 19, 2022

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Tue May 31 12:39:06 +0000 2022

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Judd Legum @JuddLegum

5. In October 2021, J&J executed a brazen scheme to change the rules of the game. Using Texas law, they spun off a new subsidiary, LTL Management LTL received ALL the baby powder lawsuits and $2 billion Then LTL immediately declared bankruptcy https://t.co/p6whL6Nc5E https://t.co/Z5GdgT0455 — PolitiTweet.org

Posted May 31, 2022

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Judd Legum @JuddLegum

4. J&J, however, was not always successful in making these arguments in court. In July 2018, 22 women who said they contracted ovarian cancer from J&J baby powder were awarded over $2 billion. J&J appealed all the way to the Supreme Court and LOST https://t.co/p6whL6Nc5E — PolitiTweet.org

Posted May 31, 2022

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Judd Legum @JuddLegum

6. By declaring bankruptcy, all 40K lawsuits are immediately halted. If the bankruptcy goes forward, every plaintiff will have to fight for a piece of the $2 billion that J&J set aside, which is less than the amount awarded by a single jury verdict https://t.co/p6whL6Nc5E — PolitiTweet.org

Posted May 31, 2022