(Bloomberg) — Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits.
The proposed settlement — worth more than $8 billion — wrongly denies ovarian cancer victims the right to pursue their claims in court, lawyers for women who refused to join the deal said in a Friday objection. Holdouts also challenged a claim from J&J and its supporters that the settlement is backed by more than 80% of claimants.
Under the proposal, a bankrupt unit of the health care giant would establish a trust that would determine how much each cancer victim would get based on a set of detailed criteria. All lawsuits related to allegations that…
