A novel development has unfolded in the ongoing second Chapter 11 case of Johnson & Johnson’s talc spinoff. According to recent reports, firms representing talc injury claimants have been granted approval by a New Jersey bankruptcy judge for compensation concerning work carried out in the initial stages of the case.
Yet, the approval came with a significant reduction. The judge slashed their request for $1.3 million by approximately one-third. Despite this decision, it remains unclear at the moment the precise reasons for the judge’s adjustment.
Further understanding regarding the details of the matter can be attained through the coverage provided by Law360.