More than a decade subsequent to initiating the first trial linking Johnson & Johnson’s baby powder to ovarian cancer, attorney Allen Smith has agreed to a bankruptcy plan after negotiating for an additional $1 billion. Smith, representing 12,000 talc clients through the Smith Law Firm in Ridgeland, Mississippi, indicated a shift from previously opposing Johnson & Johnson’s prior bankruptcies, both of which were dismissed.
Smith was able to secure an increase of $500,000 to the initial allocation of $6.48 billion for current talc claimants. Consequently, Johnson & Johnson has raised the total value of the bankruptcy plan, inclusive of future talc claimants, to $9.1 billion up from the proposed $8 billion. More details can be found in
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