Johnson & Johnson Faces Setback in Talc Controversy as Bankruptcy Court Rejects Tort Claims
Johnson & Johnson faced a significant setback as a bankruptcy court ruled against its strategy to limit liabilities resulting from claims related to its talcum powder products. This ruling comes as the pharmaceutical and consumer goods giant grapples with a growing number of lawsuits alleging that its talc-based products contain cancer-causing asbestos. Recent legal maneuvers by Johnson & Johnson had aimed to manage its exposure to these lawsuits—claims that have intensified in recent years. The company had proposed a controversial plan to transfer its talc liabilities to a subsidiary that would then file for bankruptcy. … Read more