Johnson & Johnson Faces Legal Setback as Bankruptcy Court Challenges Talc Liability Claims
Johnson & Johnson’s bankruptcy strategy faced a significant setback as federal judges rejected a plan to resolve thousands of lawsuits linked to its talc products. The ruling marks a pivotal moment for the company, which has been embroiled in legal battles over allegations that its talc-based products contained cancer-causing asbestos. In recent years, Johnson & Johnson, based in New Brunswick, New Jersey, has navigated a complex landscape of litigation, with thousands of plaintiffs claiming that prolonged use of its talc products led to serious health issues, including ovarian cancer. The company had sought a bankruptcy … Read more