Johnson & Johnson Faces Setback as Bankruptcy Court Rejects Talc Claims, Heightening Legal Turmoil
Charlotte, North Carolina — Johnson & Johnson’s legal struggles intensified this week as a bankruptcy court setback complicated its efforts to resolve a series of lawsuits linked to alleged dangers of talc-based products. The company, facing thousands of claims, had sought a strategic financial reorganization but encountered a significant blow from the courts. Procurement of bankruptcy protection was initially viewed as a potential lifeline for the healthcare giant, allowing it to address liability issues without the immediate pressure of ongoing litigation. However, the recent ruling from the court questioned the viability of this approach, complicating … Read more