Johnson & Johnson Faces Crucial Setback as Talc Bankruptcy Ruling Sparks Tort Reform Debate
LITITZ, Pennsylvania – Johnson & Johnson’s recent loss in a high-profile talc case comes as a significant setback for the company, resulting from a series of legal challenges regarding its talc-based products. The lawsuit highlights the ongoing tensions in legal systems surrounding tort claims and bankruptcy procedures, particularly for companies facing mass litigation. In July, a Texas bankruptcy judge dismissed Johnson & Johnson’s attempt to resolve thousands of talc-related claims via a controversial corporate restructuring strategy. This move was part of a controversial legal strategy known as the “Texas two-step,” which aimed to isolate liabilities … Read more