J&J’s Attempt to Settle Talc Cases Through Bankruptcy Fails, Highlighting Complex Voting Dynamics
Johnson & Johnson’s attempt to resolve thousands of legal claims linking its talc products to cancer through bankruptcy court has met a significant setback. This recent development marks a pivotal chapter in the ongoing saga concerning the safety of one of the company’s iconic products. The healthcare giant sought to channel claims into bankruptcy court, viewing it as a mechanism to settle disputes en masse. This strategy involved creating a subsidiary, LTL Management, which then filed for bankruptcy, aiming to establish a compensation fund for claimants. However, this move was met with skepticism from both … Read more