Johnson & Johnson Faces Setback as Bankruptcy Court Rejects Talc Controversy Approach
Camden, New Jersey – Johnson & Johnson faced a significant setback recently as a bankruptcy court ruled against its attempts to handle thousands of lawsuits linked to its talc-based products. The company, once a leader in consumer health products, is now grappling with a severe backlash in the wake of allegations that its talc contains harmful asbestos, which has been implicated in several cancer cases. The court’s decision rejected Johnson & Johnson’s strategy to consolidate legal claims under Chapter 11, a move aimed at managing the financial burden of ongoing litigation. This ruling has sparked … Read more