Johnson & Johnson Faces Major Setback as Talc Bankruptcy Ruling Ignites Controversy Over Tort Lawsuits
Johnson & Johnson faced a significant legal setback recently when a federal bankruptcy court dismissed its attempt to shield itself from thousands of lawsuits linked to its talc products. This ruling marks a pivotal moment in the ongoing debate surrounding corporate liability and tort reform. The New Jersey-based company sought protection under Chapter 11 in 2021, aiming to create a subsidiary to manage its legal responsibilities. The company argued that this move would allow them to efficiently address claims from individuals alleging that talc products caused cancer. However, U.S. Bankruptcy Judge Michael Kaplan ruled against … Read more