Judge’s Ruling Exposes Flaws in Johnson & Johnson’s $9 Billion Talc Settlement, Highlighting Legal Challenges in Asbestos-Related Bankruptcies
Houston, TX — A recent decision from a bankruptcy court has cast a spotlight on the complex legal strategies corporations use to handle mass tort liabilities, revealing significant flaws and setting possible new guidelines for future legal battles. The ruling by U.S. Bankruptcy Judge Christopher Lopez on March 31 rejects a $9 billion settlement proposal from a Johnson & Johnson unit, aimed at resolving thousands of cancer claims linked to its talc-based products. Johnson & Johnson has consistently claimed that their talc products, including their iconic baby powder, are safe. However, the company has faced … Read more