Today at 5pm ET is the final deadline for tens of thousands of ovarian cancer victims or their representatives to vote on the approximately $8 billion Johnson & Johnson (“J&J”) (NYSE: JNJ) talcum powder settlement, leaving claimants just hours to act.
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Haven't voted in favor of the talcum powder plan yet? There's still time. (Graphic: Business Wire)
Talc claimants can vote on the plan at www.OfficialTalcClaims.com or by calling 1-888-431-4056.
The approximately $8 billion plan, which has a net present value of $6.475 billion, will compensate current and future claimants who were harmed by J&J’s talcum powder products, putting an end to a lengthy, frustrating litigation process. Under the plan, ovarian cancer claimants are expected to receive an average of $75,000 to $150,000 each.
In order for claimants and families to achieve the timely and fair compensation they deserve, at least 75% of the people casting votes must vote YES on the plan.
The Ad Hoc Group of Counsel – representing more than 77,500 individuals in this matter – urges all individuals harmed by J&J baby powder products and their attorneys to take action now before the deadline of 5pm ET today.
If you have already voted “no” and are having second thoughts, it’s not too late: Only your latest vote counts and will override any prior vote you cast. Please know that your voting decision is completely confidential.
The Ad Hoc Group of Counsel believes that law firms opposing the settlement have attempted to sway voters towards continued litigation, because doing so would result in hundreds of millions of dollars in fees to the lawyers. Those extra payments to attorneys would not be available through a bankruptcy settlement.
At this critical time, the Ad Hoc Group of Counsel is providing detailed responses to the misleading claims put forth by opposing law firms so that all J&J claimants can make an informed voting decision.
Ovarian cancer survivor Tamika Evans, 47, of Chicago voted to approve the plan. She stated: “I support this settlement because I need help with my ongoing treatment costs and to recover from the medical debt. It’s about more than money – it’s about acknowledging the impact on our lives.”
As Anna Maria Sanderford, 61, of Arizona, stated: “We need to get this settlement done so we can go on with our lives and do what we want with the time we have left.”
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