Legal-Bay Lawsuit Funding Says J&J Inching Closer to Landmark Talcum Powder Settlement

Total settlement now expected to be $9.2 Billion, as J&J secures more votes to get approval via bankruptcy

NEW BRUNSWICK, N.J., Sept. 9, 2024 /PRNewswire/ -- Legal-Bay LLC, the premier Pre Settlement Funding Company, reports that Johnson & Johnson has just added $1.2 BB to their previously agreed upon settlement. The pharmaceutical giant has been under fire for their talc-based baby powder which thousands of plaintiffs allege is directly responsible for their mesothelioma or ovarian cancer. J&J has been the target of legal filings for decades, but it wasn't until recently that any major negotiations have been reached. This past June, a bankruptcy filing previously allowed for a $6.475 BB payout to the almost 60,000 plaintiffs. But now, J&J has received additional votes to get them over the top of the threshold needed to get this new $9.2 BB settlement approval.

Victims have waited a long time for major damages to be awarded but due to size of the class will now only receive small amounts of money for the serious medical issues they've been battling. Legal-Bay expects average settlement values or settlement amounts to be in the $50K to $150K range depending on individual factors, and predicts that payouts may take two years to fully resolve. For victims who need money now and would rather not wait, Legal-Bay can assist.

Chris Janish, CEO of Legal Bay, says, "By upping the ante and securing more votes, J&J and victims of ovarian cancer are closer to seeing the light at the end of the tunnel.  When all is said and done, the talcum powder lawsuit will most likely be the largest product liability mass tort settlement in history. However, there is still a long way to go toward resolving and paying victims once all court proceedings are concluded."

Legal-Bay has monitored this litigation from its inception and is evaluating all cases on a case by case basis based on this breaking news. To apply for a cash advance lawsuit loan from your anticipated Johnson & Johnson talc baby powder lawsuit settlement, please visit the company's website HERE or call 877.571.0405.   

Several studies dating back to the 1970s concluded that talc particles increase a woman's risk of ovarian cancer, and court documents have revealed that J&J knew its talc contained asbestos as early as the 1950s. However, despite the settlement, J&J continues to stand by the safety of their product, and denies that asbestos was ever an ingredient used in its manufacturing. They have vehemently defended themselves against such claims, stating confidently that they have prevailed in 95% of the ovarian cancer lawsuits up until now. With this latest settlement development, the New Jersey-based company hopes to close out their legal troubles once and for all.

Legal-Bay is one of the few legal funding companies who are providing some financial relief to talcum powder lawsuit plaintiffs and their families with risk-free, non-recourse cash advance settlement loans. They have been a leader in the mass tort arena for over fifteen years and have vast experience within this space. Mass tort litigations are complex, and Legal Bay has the knowledge and understanding to help plaintiffs navigate the complicated waters of the legal system.

If you're a plaintiff in an active Johnson & Johnson talcum powder lawsuit and need an immediate cash advance from your anticipated settlement, please visit the company's website HERE or call 877.571.0405 where agents are standing by to hear about your specific case. 

Legal-Bay is one of the best lawsuit loan companies when it comes to mass tort litigations, and is currently the #1 talc funding company in the industry. Legal-Bay assists plaintiffs in all types of class action and mass tort lawsuits, including: Round Up, JUUL e-cigarettes, 3M, Hernia Mesh, IVC Filters, Roundup, Essure, Exactech hip and knee recall, and more.

Legal-Bay assists plaintiffs in all other types of lawsuits, including personal injury, slips and falls, car, boat, or construction accidents, medical malpractice, wrongful death, dog bites, police brutality, sexual assault, sexual abuse, judgment or verdict on appeal, commercial litigation, contract dispute, Qui-tam or whistleblower cases, False Claims Act, patent litigation, copyright infringement, and more.

Legal-Bay's loan for settlement funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award. While it's common to refer to these legal funding requests as settlement loans, loans for settlements, law suit loans, loans for lawsuits, etc., the "lawsuit loan" funds are, in fact, non-recourse. That means there's no risk when it comes to loans in lawsuit settlements because there is no obligation to repay the money if the recipient loses their case. Therefore, terms like settlement loan, loans for lawsuit, loans on settlement, or lawsuit loan funds don't necessarily apply, as the "loan on lawsuit" isn't really a loan at all, but rather a stress-free cash advance.

Legal-Bay is known to many as the best lawsuit funding provider in the industry for their helpful and knowledgeable staff, and one of the best lawsuit loan companies overall for their low rates and quick turnaround, sometimes within 24-48 hours once all documents have been received.

To apply right now for a loan settlement program, please visit the company's website HERE or call toll-free at: 877.571.0405 where agents are standing by to answer any questions.

SOURCE Legal-Bay LLC