URGENT Deadline Approaching: Vote Now FOR $8 Billion Talcum Powder Settlement Plan
July 17 2024 - 5:22PM
Business Wire
Deadline to Vote is 5pm ET on July 26, 2024
The voting deadline is rapidly approaching in the proposed
Johnson & Johnson (“J&J”) talcum powder settlement! The Ad
Hoc Group of Counsel representing more than 77,500 individuals
harmed by J&J baby powder products urges claimants to take
immediate action and vote FOR the historic talcum powder settlement
before the deadline of 5pm ET on July 26, 2024.
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The Ad Hoc Group of Counsel issued the following statement:
If you or someone you know has been impacted by talcum powder
use and its potential health effects, now
is the time to take action. Your vote is important. A
proposed $8 billion settlement
plan – with a net present value of $6.475 billion – is at stake,
and your vote matters.
It’s time to end years of frustrating litigation with Johnson
& Johnson (J&J) and deliver recoveries to victims. The law
firms opposing the settlement have had ample time to reach a
consensus in the Multidistrict Litigation (MDL), but they never
succeeded.
The deadline to vote on the
plan that provides for a historic $8 billion settlement
over the life of the trust, with a $6.475 billion net present
value, is 5pm ET on July 26,
2024.
We urge you to vote FOR the plan as
soon as possible and need your immediate action. Your
vote will make a difference in ensuring that a fair and equitable
compensation plan is approved.
Key Financial Terms
Record Settlement: J&J and a subsidiary have agreed to pay
approximately $8 billion over 25 years ($6.475 billion net present
value) to people who claim talcum powder products made them
sick.
What Is the Plan?
Under the Plan, a trust will be established to pay the
settlement amounts to current and future talc claimants. If the
Plan is approved, you will receive your recovery from the trust and
will no longer need to be involved in litigation against the
companies or other parties for any talc claims. Mesothelioma, lung
cancer, and Canadian claims are not part of the Plan.
What Is at Stake?
The Plan provides a way for cancer claimants to receive
compensation without the time and expense of going to trial.
J&J has won approximately 95% of ovarian cancer cases tried to
date, including every ovarian cancer case tried over the last six
years. Without the settlement through the bankruptcy plan, it will
take decades for claimants to litigate their cases, with no
recovery unless they win.
Who Can Vote?
If you believe you are sick from using J&J products
containing talc (such as J&J Baby Powder and Shower to Shower),
you may be eligible to vote on the bankruptcy plan that governs how
claims will be paid.
Visit www.OfficialTalcClaims.com or call 1-888-431-4056 to learn
more and request a solicitation package to determine whether you
can vote on the Plan.
Why Vote?
Avoid lengthy litigation: The proposed plan provides a way for
cancer claimants to receive compensation without going to trial.
J&J has won approximately 95% of ovarian cancer cases tried to
date, and without this plan, litigating remaining cases could take
decades with no guarantee of being paid anything.
75% of the claimants voting on the plan must vote to support it
for it to move ahead. We are counting on
your support to make this historic settlement a
reality.
If you already voted against the plan, it is not too late to
change your vote and support the plan. You can vote again up until
the deadline and your new vote will override your prior vote. Your
voting decision is completely confidential.
Deadline: You must cast your vote by 5pm ET on July 26,
2024.
You can vote here: OfficialTalcClaims.com
How to Vote:
- If You Haven’t Filed a Claim: Visit
OfficialTalcClaims.com or call 1-888-431-4056 to request a
solicitation package and determine your eligibility to vote.
- If You’ve Already Filed a Talc Claim: You or your
attorney will receive a solicitation package with voting
instructions.
- If You’ve Already Voted: Only your latest vote counts,
so if you already voted but want to change your vote FOR the plan,
your new vote will override your prior vote.
The counsel who negotiated and support the settlement proudly
supports the fair and timely resolution of this matter. This
proposed negotiated settlement will be the quickest and fairest
path to compensation for tens of thousands of people harmed by
their usage of J&J ’s talcum powder products.
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MEDIA: Docket Communications talc@docketcommunications.com