ProductLiability

Cosmed Files for Bankruptcy, Citing Rising Legal Costs from Cancer Lawsuits

6 months ago

In a significant development within the cosmetics industry, Cosmed has officially filed for bankruptcy, attributing its financial troubles largely to skyrocketing defense costs associated with ongoing cancer-related lawsuits. This move comes as the company grapples with mounting legal pressures that have been weighing heavily on its resources and profitability.

Abbott and Reckitt Unit Exonerated in Baby Formula Trial: A Landmark Decision

7 months ago

In a significant legal outcome, a federal jury has acquitted both Abbott Laboratories and a unit of Reckitt Benckiser of any liability linked to the controversial baby formula linked to a tragic case involving the death of an infant due to bacterial infections. The jury deliberated for over four hours before reaching a unanimous verdict, clearing the companies of negligence claims in a trial that underscored the intense scrutiny surrounding infant nutrition products.

J&J's $8.2 Billion Talc Settlement Faces Crucial January Assessment

7 months ago

In a pivotal development for Johnson & Johnson, the company’s monumental $8.2 billion settlement over claims related to its talc-based products is set to undergo a significant evaluation in January. This legal maneuver comes on the heels of extensive allegations that J&J’s talcum powder has been linked to cancer, resulting in a slew of lawsuits against the healthcare giant.