Johnson & Johnson Faces Setback in Bankruptcy Court Over Talc Liability Controversy
Johnson & Johnson faced a significant legal setback as a bankruptcy court dismissed its attempt to limit liability for claims linked to its talc-based products. The ruling highlighted ongoing tensions surrounding the pharmaceutical giant’s efforts to manage liabilities amid numerous lawsuits alleging the products caused health issues. The court’s decision comes after Johnson & Johnson positioned its talc unit under bankruptcy protection in 2021, aiming to consolidate thousands of claims in a legal strategy known as “Texas Two-Step.” This maneuver involved transferring the unit to a new company, enabling J&J to handle the claims more … Read more