The sweeping lawsuits against Johnson & Johnson over talc products got a boost from at least two outside litigation funders, which have invested in hundreds of claims in exchange for a portion of any winnings.
The deals could soon pay off for Virage Capital Management and TRGP Capital, funders who teamed up with plaintiffs lawyers handling some of the claims. J&J is offering to pay $8.9 billion to settle all of the lawsuits.
The funders’ role in the multidistrict litigation is public information, because the cases are in a federal court in New Jersey. A local court rule requires parties ...
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