1 00:00:00,080 --> 00:00:02,520 Speaker 1: Now it's time for our daily Bloomberg Law Brief, exploring 2 00:00:02,600 --> 00:00:05,040 Speaker 1: legal issues in the news, brought to you by American 3 00:00:05,120 --> 00:00:08,920 Speaker 1: Arbitration Association. Business disputes are inevitable resolved faster with the 4 00:00:08,960 --> 00:00:13,160 Speaker 1: American Arbitration Association, the global leader in alternative dispute resolution 5 00:00:13,480 --> 00:00:15,560 Speaker 1: for over ninety year. It's more at a d r 6 00:00:16,079 --> 00:00:19,440 Speaker 1: dot org. Today, Bloomberg Law host June Grasso and Michael 7 00:00:19,440 --> 00:00:22,760 Speaker 1: Best discussed new evidence that Johnson and Johnson knew about 8 00:00:22,760 --> 00:00:25,919 Speaker 1: asbestos risks and its talcum powder as early as the 9 00:00:26,000 --> 00:00:29,280 Speaker 1: nineteen seventies. That adds another dimension to claims against J 10 00:00:29,400 --> 00:00:31,800 Speaker 1: and J as it defends itself for more than five 11 00:00:31,880 --> 00:00:35,839 Speaker 1: thousand suits blaming its products for causing ovarian cancer in women. 12 00:00:36,120 --> 00:00:39,960 Speaker 1: They speak to Bloomberg News legal reporter Jeff Feely. Jeff, 13 00:00:40,080 --> 00:00:43,519 Speaker 1: tell us what you have discovered in connection with some 14 00:00:43,600 --> 00:00:46,240 Speaker 1: of the existing cases in state court in St. Louis. 15 00:00:46,240 --> 00:00:50,360 Speaker 1: There were documents on sealed earlier this month that showed 16 00:00:50,880 --> 00:00:54,520 Speaker 1: that Johnson and Johnson news stretching back to the nineteen seventies, 17 00:00:54,920 --> 00:00:57,960 Speaker 1: that there were trace amounts of asbestos in the talc 18 00:00:58,200 --> 00:01:01,760 Speaker 1: used and it's davy powder and other Talcoum powder products. 19 00:01:02,160 --> 00:01:07,520 Speaker 1: The company has consistently maintained that there's no asbestos in 20 00:01:07,600 --> 00:01:10,800 Speaker 1: its baby powder or Town products and never has been 21 00:01:10,880 --> 00:01:14,080 Speaker 1: and never will be. Um this could be a problem 22 00:01:14,160 --> 00:01:16,559 Speaker 1: for Jane Jay going forward. This opens up a whole 23 00:01:16,600 --> 00:01:22,800 Speaker 1: new avenue of cases tied to the to the tow claims. Well, so, Jeff, 24 00:01:22,880 --> 00:01:26,119 Speaker 1: what what exactly is it We're going to see happen 25 00:01:26,160 --> 00:01:28,720 Speaker 1: in court now with these documents coming out? Well, the 26 00:01:28,720 --> 00:01:31,080 Speaker 1: Piloff lawyers are going to take these documents and they're 27 00:01:31,080 --> 00:01:34,000 Speaker 1: gonna have to get the judge to sign off on 28 00:01:34,160 --> 00:01:36,720 Speaker 1: using them as evidence, but they're gonna show they're going 29 00:01:36,760 --> 00:01:39,840 Speaker 1: to use them as evidence to basically impeach Johnson and Johnson. 30 00:01:40,280 --> 00:01:42,280 Speaker 1: When they come up and say our baby powder is 31 00:01:42,319 --> 00:01:46,080 Speaker 1: safe and asbestos free, they're gonna pull out these documents. 32 00:01:46,200 --> 00:01:48,920 Speaker 1: They're gonna say, you know, well, didn't you guys know 33 00:01:49,000 --> 00:01:52,280 Speaker 1: back in the nineties seventies that they were your people 34 00:01:52,480 --> 00:01:55,480 Speaker 1: internal documents, Your own people were talking about trace amounts 35 00:01:55,520 --> 00:01:59,480 Speaker 1: of asbestos in the Talcolum powder used um in your 36 00:01:59,520 --> 00:02:02,360 Speaker 1: baby power or and it might point out that some 37 00:02:02,480 --> 00:02:04,760 Speaker 1: of that Talcoulm powder comes from minds that j and 38 00:02:04,880 --> 00:02:08,720 Speaker 1: j you owned, not just you know us as vendors, 39 00:02:08,760 --> 00:02:13,320 Speaker 1: they own the minds where the testing on the tap 40 00:02:13,480 --> 00:02:16,960 Speaker 1: was turning up traces of asbestos and hopes of you know, 41 00:02:17,040 --> 00:02:19,240 Speaker 1: and hopes of convincing the jury that this, you know, 42 00:02:19,280 --> 00:02:24,280 Speaker 1: the top and powder is and unreasonably dangerous product, and 43 00:02:24,280 --> 00:02:26,680 Speaker 1: that J and Jane knew. So, Jeff, how has J 44 00:02:26,800 --> 00:02:29,079 Speaker 1: and j been doing in the in the trial so far? 45 00:02:30,040 --> 00:02:33,120 Speaker 1: They have lost five out of six trials and the 46 00:02:33,240 --> 00:02:36,919 Speaker 1: damage amounts are increasing. The last one in California generated 47 00:02:36,919 --> 00:02:40,200 Speaker 1: a four and seventeen million dollar birthdate against Johnson and Johnson. 48 00:02:40,720 --> 00:02:43,640 Speaker 1: That is Bloomberg News legal reporter Jeff Feely speaking to 49 00:02:43,639 --> 00:02:46,320 Speaker 1: Bloomberg Law, host to Grassie and Michael Best, and you 50 00:02:46,320 --> 00:02:48,960 Speaker 1: can listen to Bloomberg Law weekdays at one pm while 51 00:02:49,000 --> 00:02:51,960 Speaker 1: Street time here on Bloomberg Radio Now. Among some of 52 00:02:51,960 --> 00:02:55,079 Speaker 1: the top legal stories from Bloomberg Law, JP Morgan Chase 53 00:02:55,160 --> 00:02:57,320 Speaker 1: has been ordered to pay more than four billion dollars 54 00:02:57,320 --> 00:03:00,959 Speaker 1: in damages for mishandling the estate of former American Airlines 55 00:03:00,960 --> 00:03:04,679 Speaker 1: executive Max Hooper. The ruling went to Joe Hooper and 56 00:03:04,760 --> 00:03:07,680 Speaker 1: her two step children, who claimed the bank had mismanaged 57 00:03:07,720 --> 00:03:11,040 Speaker 1: the administration of her late husband's estate. However, the verdict 58 00:03:11,200 --> 00:03:14,119 Speaker 1: is likely to be knocked down on appeal. And that's 59 00:03:14,160 --> 00:03:16,919 Speaker 1: this morning's Bloomberg Law Brief. You can find more legal 60 00:03:16,960 --> 00:03:20,760 Speaker 1: news at Bloomberg law dot com and Bloomberg BNA dot com. 61 00:03:20,960 --> 00:03:25,000 Speaker 1: Attorneys will find exceptional legal research and business development tools 62 00:03:25,000 --> 00:03:28,200 Speaker 1: there as well. Visit Bloomberg law dot com and Bloomberg 63 00:03:28,320 --> 00:03:31,080 Speaker 1: BNA dot com for more information