Posts Tagged 'project plato'

3M Continues Bankruptcy Play to Dodge Earplug Claims

3M moves ahead with bankruptcy shield play in defective earplug litigation“We have great respect for the brave men and women who protect us and remain committed to the military as an active partner and valued customer going forward.” This was the statement made by 3M chairman and chief executive Mike Roman when he announced that the company was moving forward with its plan to declare a subsidiary bankrupt to shield 3M from ...

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New Yorker Magazine Publishes Blistering Indictment of Johnson & Johnson and Corporate America

johnson and johnson talc asbestosA new story posted to The New Yorker penned by Casey Cep offers up one of the most comprehensive and infuriating views into the ongoing scandal over Johnson & Johnson talc products and the impact they have had on Americans’ health, particularly women.

The contamination of J&J’s talc products with asbestos is a tale that spans across decades, multiple federal agencies, and billions of dollars. While the company has ...

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Reuters Exposes Johnson & Johnson’s “Project Plato” Plan to Avoid Talc Asbestos Liability

Reuters exposes internal Johnson and Johnson Project Plato Plan“It is critical that any activities related to Project Plato, including the mere fact the project exists, be kept in strict confidence.” ~ Chris Andrew, attorney for Johnson & Johnson

Project Plato was the internal code name given within Johnson & Johnson to its plan to conduct a Texas two-step bankruptcy, or what is more technically known as a “divisive merger,” to redirect plaintiffs’ talc asbestos lawsuits away from ...

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