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Presperse, a Sumitomo-backed cosmetics ingredients supplier, has filed for bankruptcy with a $50 million plan to address claims related to the talc it once sold to manufacturers. The company faces numerous personal injury lawsuits over the talc contained in its products. Meanwhile, Johnson & Johnson's proposed $9.1 billion talc settlement has sparked a new legal battle between plaintiffs' law firms. Beasley, Allen, Crow, Methvin, Portis & Miles, leading the opposition to J&J's settlement strategy, filed a lawsuit accusing The Smith Law Firm of breaking a joint venture agreement to represent 11,000 people who alleged that J&J's products caused cancer.
Sumitomo-backed Presperse has filed for bankruptcy, facing scads of personal injury suits over the talc once contained in the cosmetic supplies it sells https://t.co/BfrIL89CZk
Beasley, Allen, Crow, Methvin, Portis & Miles leading the opposition to J&J's settlement strategy filed a lawsuit, accusing The Smith Law Firm of breaking a joint venture agreement to represent 11,000 people who alleged that J&J's products caused cancer https://t.co/VOFRRxn5gR https://t.co/5fLHlXTQey
Johnson & Johnson's latest effort to end thousands of talc lawsuits has sparked a new legal battle between plaintiffs' law firms, with one firm accusing its former joint venture partner of selling out to the healthcare behemoth to cover its own debts https://t.co/VOFRRxn5gR https://t.co/qnO3Dj1sxQ
