Johnson & Johnson Faces Setback in Talc Litigation as Bankruptcy Court Challenges Emerge
In Wilmington, Delaware, a recent ruling by a bankruptcy judge dealt a significant blow to Johnson & Johnson, preventing the company from leveraging bankruptcy as a strategy to manage claims related to its talc-based products. The decision comes amid ongoing legal challenges regarding allegations that the company’s talc products contained harmful asbestos, leading to a surge in lawsuits from individuals claiming health issues linked to their use. Johnson & Johnson had pursued a controversial legal maneuver known as the “Texas two-step,” which involved creating a subsidiary to absorb liabilities associated with talc claims. The intent … Read more