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J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. After being rebuffed twice by federal courts, New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy. J&J said the Red River unit filed the bankruptcy case after it received support of about 83% of current claimants for the proposed bankruptcy plan. The goal is to use the proceeding to force all plaintiffs into one settlement, without requiring J&J itself to file for bankruptcy.
Persons: Reuters —, Johnson, J, Dietrich Knauth, Leigh Jones, Will Dunham, Sandra Maler, Shounak Dasgupta Organizations: Reuters, Johnson, Bankruptcy, Southern, Southern District of, Supreme, Purdue Locations: U.S, Southern District, Southern District of Texas, New Brunswick New Jersey, Texas, Bengaluru
In 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The data provider X Ante estimated that in 2023, mass-tort lawyers spent $152 million on TV ads and millions more on social media. The decades that followed mass torts' onset on the national stage showed the big risks and big rewards of mass torts. AdvertisementIn a class action, a settlement is public, and the judge has to approve the lawyers' fees. But others are confident that indebted mass-tort lawyers can bounce back from a few bad bets.
Persons: Mike Papantonio, Pap, Johnson, Paul Cody, Bayer, Chris Seeger, audibles, Budd, Ness Motley, Motley Rice, South Carolina —, doling, Seeger, Wyeth, Phil Federico, Paul Hanly who'd, Federico, Lejeune, who've, Camp Lejeune, mack, Curt Miner, I've, Don Worley, Worley, , Daniel A, Mark Lanier, wouldn't, Elizabeth Chamblee Burch, Burch, Ellen Relkin, Merck, Vioxx, There's, Lucian Pera, Keller Postman, Jeremy Troxel, Keller, Troxel, Michael McDonald, Warren Postman, Postman, Kelsey Vlamis, Jack Newsham Organizations: Wynn, Vegas, Camp Lejeune, pharma, Supreme, X, Pfizer, Defense, Marines, Veterans, Foreign, US Marine Corps, Johnson, University of Georgia, Business, Intuit, Rihanna, Morning Investments, Fortress Investment, Gramercy Funds, Deepwater, Investments Locations: Camp, Texas, South Carolina, Baltimore, North Carolina, Camp Lejeune, America, Beverly Hills , California, nonbanks
Schmitt's example may be extreme, but mold damage is not unusual. In 2022, water damage, including mold, represented 27.6% of homeowners insurance losses, according to data from Insurance Services Office, an industry group. Despite the award for the owner of the mold-damaged home later being reduced to $4 million, companies still pulled back on mold coverage. "Mold claims won't be covered if it's a result of neglect, such as pipe leaking for months resulting in water damage and mold." "You should always read your insurance policy and understand what you have, but no one's going to do that," Kochenburger said.
Persons: Brandi Schmitt, Schmitt, Brandi Schmitt's, adjuster, USAA, Read, Kamala Harris, Harris, Joseph, Ms, Ballard, Amy Bach, United, Bach, Scott Shapiro, Will Melofchik, haven't, Melofchik, Scott Holeman, Holeman, Peter Kochenburger, Kochenburger, it's, Mold, Shapiro, Mark Friedlander Organizations: Maryland, CNBC, Finance, Here’s, Democratic, Insurance Services Office, . Farmers Insurance Group, KPMG, National Council of Insurance, Insurance Information Institute, Southern University Law Center, University of Connecticut's Insurance Law Center, Insurance, South Carolina Independent Agents, Nationwide, Allstate, Federal Trade Commission, Act, State Farm Locations: Lothian , Maryland, U.S, Maryland, Texas, San Francisco, South Carolina, Lindsey , Ohio
Motels Are Having a Moment
  + stars: | 2024-07-20 | by ( Jim Zarroli | ) www.nytimes.com   time to read: +1 min
In 2022, Lisa Lennox was visiting a friend in Stephenville, Texas, when she stumbled upon the Interstate Inn. The motel, on a highway an hour west of Fort Worth, had seen better days. The property needed new plumbing and wiring, and asbestos had to be removed. But Ms. Lennox immediately felt a connection to the property, with its funky design, including a giant sloped roof that screamed Space Age. But they’re all in disrepair, and a lot of them are being torn down.” Ms. Lennox had no real experience in hospitality, but she’d traveled widely and knew what made a good hotel room.
Persons: Lisa Lennox, Lennox, , “ They’ve, Ms, she’d Organizations: Cornell Locations: Stephenville , Texas, Fort Worth
On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters. Board up your windows to prevent leaks and broken glass, and, where necessary, secure doors with storm shutters.
Persons: Alberto, Deanna Frazier, Hurricane Harvey, , Alberto Moscoso, Kit, Mr, Acree, Dorian, Ramon Espinosa, Johnny Diaz Organizations: Tropical, Atmospheric Administration, New York Times, Federal Emergency Management Agency, Florida Division, Emergency Management, Social, Drug Administration, Disease Control Locations: Gulf of Mexico, Pacific, Wirecutter, Texas, Boquerón
On June 19, Tropical Storm Alberto, which formed in the Gulf of Mexico, became the first named storm of the 2024 Atlantic hurricane season. If you live in a coastal area, it’s important to be familiar with community evacuation plans, evacuation zones and evacuation routes. “When it comes to hurricane and storm preparation, now is always the right time.”Protect your documents and valuables. Most homeowners’ policies do not cover flood damage, and flood insurance policies generally take 30 days to become effective. Move pantry items and a supply of bottled water to high, secure shelves, so they will be safer from floodwaters.
Persons: Alberto, Deanna Frazier, Hurricane Harvey, , Alberto Moscoso, Kit, Mr, Acree, Dorian, Ramon Espinosa, Johnny Diaz Organizations: Tropical, Atmospheric Administration, New York Times, Federal Emergency Management Agency, Florida Division, Emergency Management, Social, Drug Administration, Disease Control Locations: Gulf of Mexico, Pacific, Wirecutter, Texas, Boquerón
Read previewThe US Supreme Court has struck down a $7 billion bankruptcy plan for Purdue Pharma that would have protected the Sackler family from further lawsuits — a ruling that could mean "chaos" for other big legal liability cases. The Sackler family, which ran Purdue, agreed to provide up to $6 billion in funding in exchange for immunity from further legal action. Anne Andrews, a leading bankruptcy lawyer for victims, predicted tumult if the Supreme Court struck down the Purdue plan in an interview with Business Insider ahead of the decision. Related stories"The U.S. Supreme Court got it right — billionaire wrongdoers should not be allowed to shield blood money in bankruptcy court," he said. Its plan, which would provide $2.5 billion, is currently on appeal in the Third Circuit Court of Appeals.
Persons: , Sackler, Anne Andrews, William Tong, wrongdoers, Johnson, Leigh O'Dell, Beasley Allen, J's Organizations: Service, Purdue Pharma, Purdue, Business, Sackler, U.S, Supreme, Justice Department, J, Boy Scouts of Locations: Boy Scouts of America
Read previewAn oncologist shared for things he does to lower his risk of developing cancer amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking, which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, who's, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
Read previewAn oncologist shared for things he does to lower his risk of developing cancer, amid rising rates in young adults. The vast majority (88%) of people who develop cancer are over 50, and survival rates have improved in recent decades, according to the American Cancer Society. We know certain risk factors for some cancers, such as smoking which increases the risk of developing lung cancer. Exercises every dayExercising regularly can help reduce your risk of developing cancer. Doesn't smoke"There is a strong link between smoking and developing lung or bladder cancer," Landau said.
Persons: , Daniel Landau, Asbestos.com, Landau, Tejal Parekh Organizations: Service, American Cancer Society, BMJ Oncology, Business, British, of Sports Medicine, University of Gothenburg, Centers for Disease Control
The defense lawyer minced no words as he addressed a room full of plastic-industry executives. Prepare for a wave of lawsuits​ with​ potentially “astronomical” costs​. Gross was referring to PFAS, the “forever chemicals” that have emerged as one of the major pollution issues of our time. Used for decades in countless everyday objects — cosmetics, takeout containers, frying pans — PFAS have been linked to serious health risks including cancer. “Weed out people and find the right witness to represent your company.”A spokesman for Mr. Gross’s employer, MG+M The Law Firm, which defends companies in high-stakes litigation, didn’t respond to questions about Mr. Gross’s remarks and said he was unavailable to discuss them.
Persons: Brian Gross, Gross, ” Mr, , “ Weed, Gross’s Organizations: The New York Times, , Law Locations: United States
CNN —The last piece of privately-owned land in the Arctic archipelago Svalbard is up for sale for a cool 300 million euros ($324 million). The Arctic is of increasing geopolitical importance as climate change melts sea ice. The land is governed by the Svalbard Treaty. Knight FrankAn eventual buyer will in fact acquire Aktieselskabet Kulspids, a privately owned Norwegian limited company which owns the land. The purchaser will have to come from one of the 46 nations that have ratified the Svalbard Treaty, which established Norwegian sovereignty over the archipelago.
Persons: Knight Frank, Knight Frank “, Wedel, Kyllingstad, , Jonathan Webb, Zeiler Floyd Zadkovich, Webb Organizations: CNN, Locations: Svalbard, Norway, Longyearbyen, Norwegian, Oslo, Svalbard Treaty, China
Read previewA dietitian specializing in cancer prevention told Business Insider that simple lifestyle changes can be powerful when it comes to reducing the risk of developing cancer. The rates of younger adults being diagnosed with cancer have been rising since the '90s, according to the American Cancer Society, with colorectal, breast, and stomach cancers a particular concern. But certain lifestyle choices can help to prevent cancer, Tejal Parekh, a registered and licensed dietitian who specializes in helping mesothelioma patients reduce cancer symptoms through diet at Asbestos.com, told Business Insider. Research suggests that diets high in salt are linked to an increased risk of stomach cancer. Exercise regularly and maintain a healthy weightBeing physically active for at least 30 minutes daily can help prevent cancer, Parekh said.
Persons: , Tejal Parekh, dietitian, Parekh, Parekh it's Organizations: Service, American Cancer Society, US Centers for Disease Control, Business, International Agency for Research, Cancer, Research, CDC, Health Organization, National Cancer Institute
J&J advances $6.475 billion settlement of talc cancer lawsuits
  + stars: | 2024-05-01 | by ( ) edition.cnn.com   time to read: +3 min
It will begin a three-month voting period in hopes of reaching consensus on a settlement of all current and future ovarian cancer claims. Ovarian cancer claims account for 99% of the talc-related lawsuits filed against J&J (JNJ), including about 54,000 lawsuits that are centralized in a New Jersey federal court proceeding. In March, J&J received a new chance to contest the scientific evidence linking talc to ovarian cancer in the centralized litigation in New Jersey federal court. But, the litigation has resulted in some large verdicts for plaintiffs, including a $2.12 billion award in favor of 22 women who blamed their ovarian cancer on asbestos in J&J talc. In the past month, J&J was recently ordered to pay $45 million in a mesothelioma case while winning an ovarian cancer case.
Persons: York Reuters — Johnson, Johnson, J, LTL Organizations: York Reuters, J, LTL, & $ Locations: York, New Jersey
Johnson & Johnson said on Wednesday that it would ask tens of thousands of people suing the company over claims that its talcum powder products caused their cancer to approve a new $6.5 billion settlement, its third attempt to resolve the lawsuits. The proposal would settle nearly all current and future claims that its talcum powder products caused ovarian cancer, the company said. Judges have rejected the two previous attempts, on the grounds that bankruptcy court isn’t the right venue for them. Representatives for Johnson & Johnson declined to comment beyond its announcement. The company has long denied those claims, but has in recent years stopped selling talc-based baby powder worldwide.
Persons: Johnson, Organizations: Johnson
Editor’s Note: Ed Manning is a media executive and prostate cancer survivor. In the blink of a news cycle, prostate cancer was again casually swept aside as among the best cancer to have. As a prostate cancer survivor, I can report from painful experience that those misguided assessments are to men’s health and longevity what ice was to the Titanic. As the American Cancer Society notes:• Prostate cancer is the second leading cause of cancer death in men. A biopsy confirmed somewhat aggressive prostate cancer, a diagnosis which stunned and terrified me.
Persons: Ed Manning, Lloyd Austin, Dr, Martin Luther King Jr’s, Dexter, Simpson, , , it’s Organizations: CNN, Houston, American Cancer Society, PSA, National Cancer Institute Locations: peeing
That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .
Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, , Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California
The EPA announced a ban on the remaining uses of asbestos, a known carcinogen. Some industries still use asbestos in products like car brakes and sheet gaskets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Environmental Protection Agency (EPA) announced on Monday that it was banning all remaining uses of the deadly carcinogen. This story is available exclusively to Business Insider subscribers.
Persons: , You've Organizations: EPA, Service, Environmental Protection Agency, Toxic, Business
The general population also experienced excess mortality during this time, but the risk started higher for renters and rose exponentially for those threatened with eviction. From January 2020 through August 2021, the risk of death for renters facing eviction was 2.6 times greater than it was in the general population, the study found. During the baseline period of 2010 to 2016, the mortality rate was 1.4 times higher for renters facing eviction than it was for the general population. Another study from December explored the risk between rising rent costs and mortality risk. Eviction filings were down 45% during the first two years of the pandemic, according to the new study.
Persons: , Nick Graetz, it’s, It’s, Jack Tsai, ” Graetz, Katie Derrick, Jesse Tree, Derrick, Tsai, moratoriums –, Jesse, , Dr, Sanjay Gupta, Steven Furr, we’re, Furr, what’s, ” Tsai Organizations: CNN, Census, UTHealth Houston School of Public Health, US Department of Veterans Affairs ’, Homelessness, , CNN Health, American Academy of Family Physicians, Locations: Princeton, United States, Boise , Idaho, Jesse Tree, Idaho, Alabama
SYDNEY (Reuters) - An asbestos contamination in Sydney widened on Sunday, with authorities saying the toxic material had been detected in more schools, as a weeks-long effort continued to remove it from mulch used in public places. In an update on the contamination on Sunday, the state's Environmental Protection Authority (EPA) said 34 city sites had now returned positive for bonded asbestos. New sites where asbestos had been confirmed were two schools in the city's west, the EPA said, lifting the number of schools confirmed as tainted to four. "There is ongoing testing at a further four schools," EPA head Tony Chappel said, adding that testing was also underway at a hospital and in part of the city's vast Royal National Park. (Reporting by Sam McKeith in Sydney; Editing by Christian Schmollinger)
Persons: Tony Chappel, Sam McKeith, Christian Schmollinger Organizations: SYDNEY, Environmental Protection Authority, Royal, Asbestos Locations: Sydney, New South Wales
SYDNEY (Reuters) - Australian authorities on Saturday said asbestos had been discovered in more places in Sydney including housing estates as the New South Wales government continues a weeks-long scramble to remove the toxic material from mulch used in public spaces. Since then, in what is the biggest investigation by the state's Environmental Protection Authority (EPA) in decades, 32 city sites have returned positive results for bonded asbestos, the agency said in a statement on Saturday. The EPA said new sites where asbestos had been detected were a public school and park in the city's north, and two residential estates under construction in Sydney's south-west. The University of Sydney had also been identified as potentially tainted and would be tested this weekend, it said. The rate of positive results is around 10 percent," the EPA said.
Persons: Sam McKeith, Matthew Lewis Organizations: SYDNEY, New South, Environmental Protection Authority, EPA, University of Sydney, Authorities, Sydney Gay, Mardi Locations: Sydney, New South Wales, Sydney's
SYDNEY (Reuters) - Australian authorities on Friday cordoned off areas in several parks in Sydney after the discovery of asbestos in mulch, while schools began precautionary testing as the government scrambled to remove the toxic material from public spaces. About 700 students at a public school in Sydney's southwest will be relocated to another school for several weeks after finding asbestos on campus. The Sydney Gay and Lesbian Mardi Gras Fair Day event, which usually draws tens of thousands of revellers, scheduled for Sunday was cancelled after traces of asbestos were found around the Victoria Park venue. The New South Wales state government on Thursday set up a taskforce to provide more resources and staff to help support the Environment Protection Authority's investigations. The complex, criminal investigation involves multiple lines of enquiry," New South Wales Environment Minister Penny Sharpe said in a statement.
Persons: Penny Sharpe, Sharpe, Renju Jose, Jamie Freed Organizations: SYDNEY, Sydney City Council, Sydney Gay, Mardi, Sunday, Protection, Environment Protection Authority, Wales Environment Locations: Sydney, Sydney's, Victoria, New South Wales, New, Wales
Read previewThis as-told-to essay is based on a conversation with Cami Ostman, a 56-year-old writer and writing coach from Shoreline, Washington. She wasn't going to do anything with the land, so she said I could have it. I can think of seven friends in my age range who've bought off-grid land or purchased sprinter vans or RVs. In Seattle, I'm accountable to my students and employees, but when I'm on my land, I leave my work behind. There's nothing I miss when I'm in the yurt — it's so ridiculously peaceful.
Persons: , Cami Ostman, I'd, she'd, I've, who's, Pam, who've Organizations: Service, Business, Edison Locations: Shoreline , Washington, Seattle, Washington, Bellingham , Washington, Mongolia, Siberia, Turkey, Pacific, Shoreline
Millennials are turning to more creative and affordable ways of getting on the property ladder, such as buying a fixer-upper. One day, while out walking, she noticed a beautiful, old house that "seemed empty and looked a wreck." A couple bought a 19th-century manor house in Ohio they saw in the Cheap Old Houses newsletterThe Angeleauxs pose in front of Walnut Hill, a house they found on the Cheap Old Houses Instagram account. In May 2022, the Cheap Old Houses newsletter advertised an 1800s manor house in the small village of Higginsport, Ohio. During the renovation, Wormann handled a termite infestation in the beams, disposing of mountains of trash, and firing unreliable contractors.
Persons: , Betsy Sweeny, Betsy Sweeny Betsy Sweeny, Sweeny, Kayli, Angeleaux, Connor, Kayli Angeleaux, Connor Angeleaux's, We're, Farleigh, Olamide Soyemi, Cullen Farleigh Olamide Soyemi, Cullen Farleigh, Soyemi, creatives, Cullen, Anton Wormann, Anton Wormann Anton Wormann, Wormann, hadn't, akiya Organizations: Service, McClain House, Federal Housing Association Locations: Wheeling , West Virginia, McClain, Virginia, Ohio, Walnut Hill, Utah, Higginsport , Ohio, Colombus, London, East London, Swedish, Tokyo, Japan, Sweden
I had to resort to an iBuyer to sell the house quickly and get out, which meant I lost $100,000. There's an account called Living Big in a Tiny House that I always found fascinating. I always just thought, "That's a nice idea, but I'm not really into the RV lifestyle." I'm staying here for 30 days, and then I have another Airbnb lined up on the west side of Los Angeles. If you're someone who's able to work remotely and who loves freedom, I think this is really the way to go.
Persons: Stella Guan, Guan, , I've, I'd, I'm, it'll, hasn't, It's Organizations: Service Locations: Los Angeles, LA, Washington, New York City, Europe, Asia, Balkans, Albania, Serbia, Bosnia, Montenegro
The settlement also would shield the Stamford, Connecticut-based pharmaceutical company's wealthy Sackler family owners from lawsuits brought by opioid victims. A U.S. bankruptcy court approved that restructuring plan in 2021. Lawsuits against Purdue and Sackler family members accuse them of fueling the opioid epidemic through deceptive marketing of its pain medication. They said in May that the bankruptcy settlement would provide "substantial resources for people and communities in need." The administration also has said Sackler family members withdrew $11 billion from Purdue before agreeing to contribute $6 billion to the opioid settlement.
Persons: OxyContin, Sackler, Department's, Joshua Silverstein, Silverstein, Joe Biden's, John Kruzel, Dietrich Knauth, Will Dunham Organizations: Purdue Pharma, WASHINGTON, U.S, Supreme, Purdue, U.S ., District of Columbia, University of Arkansas, Justice Department, Thomson Locations: Stamford , Connecticut, United States, U.S, Little, New York
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