Johnson & Johnson’s Talc Battles Highlight Growing Tension in Bankruptcy Court Over Tort Claims
CHARLOTTE, N.C. — Johnson & Johnson faced a setback in its bankruptcy reorganization after a key court ruling on its talc products. The ruling complicates the company’s ongoing effort to shield itself from lawsuits related to its talc-based offerings, which plaintiffs allege caused cancer and other serious health issues. U.S. Bankruptcy Judge Michael Kaplan recently rejected a pivotal proposal from the pharmaceutical giant, which aimed to create a subsidiary solely responsible for settling claims associated with its talc products. This maneuver was intended to limit liability while continuing normal operations for the parent company. However, … Read more