Johnson & Johnson Faces Major Setback as Bankruptcy Court Rejects Talc Bankruptcy Plan Amid Growing Legal Controversies
WILMINGTON, Del. — Johnson & Johnson faced a significant setback in its ongoing legal battles over its talc-based products following a recent bankruptcy court ruling. The court’s decision underscores heightened scrutiny of the company, which has been entangled in litigation related to claims that its talc products can cause cancer. The bankruptcy court in Delaware ruled that Johnson & Johnson’s method of managing its litigation exposure through chapter 11 proceedings was inappropriate. This decision capped a series of legal woes for the pharmaceutical giant, which has been navigating over 40,000 lawsuits from individuals alleging serious … Read more