Johnson & Johnson Faces Setback as Talc Litigation Fuels Bankruptcy Court Backlash
Trenton, New Jersey – Johnson & Johnson faced a significant setback in its ongoing legal battles when a bankruptcy judge rejected the company’s plan to shield itself from liability related to claims that its talcum powder products cause cancer. This ruling comes amid a broader trend in which courts have pushed back against corporate attempts to minimize liability through bankruptcy proceedings. The ruling, handed down by U.S. Bankruptcy Judge Michael Kaplan, dealt a blow to Johnson & Johnson’s controversial strategy of using a subsidiary created as part of its bankruptcy plan to handle thousands of … Read more