Johnson & Johnson’s Talc Bankruptcy Ruling Sparks Legal Firestorm Over Tort Accountability
Johnson & Johnson’s recent legal setback has significant implications for the ongoing debate surrounding corporate liability, particularly regarding products linked to health risks. In a landmark case, the company faced the fallout of its bankruptcy plan, which sought to shield it from nearly 40,000 lawsuits related to its talc-based products. The resolution came when a federal appellate court rejected Johnson & Johnson’s strategy to create a subsidiary, which would absorb the claims, effectively consolidating its liabilities under a bankruptcy framework. This decision marked a pivotal moment in corporate tort reform discussions and adds to the … Read more