In 2020, Natura & Co. acquired Avon’s worldwide operations. Natura & Co., a Brazilian magnificence model, is a holding firm for Avon and its subsidiaries.
With the chapter, Natura & Co. has supplied $43 million to assist Avon by means of the chapter course of. It has additionally supplied $125 million in credit score for Avon’s fairness.
This plan would handle Avon’s liabilities whereas permitting the worldwide enterprise to proceed.
Avon’s Current Bother With Talc Lawsuits
Avon has confronted many lawsuits from folks injured by their asbestos-contaminated talc. These troubles haven’t but reached the extent of Johnson & Johnson’s authorized woes. However there have been some sizable verdicts.
On the time of the chapter submitting, Avon confronted as many as 386 pending harm lawsuits. Studies prompt the corporate has greater than $1 billion in liabilities.
Avon Hit With $50-Million Verdict
A California jury handed Avon a $50-million verdict in December 2022 over asbestos publicity. On this case, a 76-year-old lady claimed Avon’s talc-based merchandise have been contaminated with asbestos. After many years of use, the girl developed mesothelioma.
Proof prompt Avon knew of the mineral’s risks and contamination dangers. The jury discovered firm executives acted maliciously by hiding this data from the general public. On the finish of the trial, Avon needed to pay $40 million for precise damages and a further $10.3 million in punitive damages.
Chicago Jury Verdict Awards Extra Than $24 Million
In July 2024, a jury in Chicago ordered Avon to pay a former worker $24.4 million. The person labored as a janitor within the Avon manufacturing facility within the Nineteen Eighties. At this facility, he was uncovered to asbestos-contaminated talc. Medical doctors recognized him with pleural mesothelioma in 2023.
Monetary Assist Is Obtainable
Asbestos-contaminated talc has been a critical problem for years. Nevertheless it has gotten extra consideration not too long ago as giant corporations, like Avon, are going through authorized penalties. Anybody who has gotten sick from any of those merchandise might have authorized choices.
Skilled legal professionals at mesothelioma regulation companies perceive asbestos legal guidelines. Victims of contaminated talc can work with these legal professionals to get compensation for his or her accidents.