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The Plaintiffs’ Negotiation Committee in multi-district litigation 2738 (District of New Jersey), with the support and endorsement of the Plaintiffs’ Executive Committee and the Plaintiffs’ Steering Committee, announces today that it has reached a historic uncapped global settlement with J&J, Company to pay a minimum $5.8 billion settlement to resolve all current and pending talcum powder claims in MDL No. 2738 and related state court proceedings. The settlement, which is subject to certain conditions, is uncapped and provides compensation to the approximately 70,000 plaintiffs in the MDL and related state court proceedings.
“More than a decade of protracted litigation and three failed bankruptcies has left tens of thousands of women and their families waiting far too long for relief. Tragically, many did not live to see this day,” said Plaintiffs’ Lead Negotiation Counsel Christoper Seeger of Seeger Weiss LLP.
“This settlement, achieved through hard-fought negotiations under the direction of the Court-appointed mediator, represents a fair measure of long-delayed justice for these women and their families,” said Plaintiffs’ Negotiation Committee Members R. Bryant McCulley of Ashcraft & Gerel LLP and Hunter Shkolnik of Napoli Shkolnik PLLC.
The settlement was the result of over ten years of litigation by the Plaintiffs’ leadership in MDL 2738, which fully supports this global resolution.
Under the terms of the settlement, compensation is awarded timely through a transparent, tiered grid system based on objective criteria. The uncapped nature ensures that all eligible claimants will receive full compensation regardless of the number of claims. The settlement is subject to certain conditions and claimants have a deadline within which to enroll. Claimants represented by counsel should immediately contact their law firm to discuss the settlement and how to register for inclusion.
Prior results do not guarantee or predict a similar outcome in any future matter.