Johnson & Johnson Subsidiary to File for Chapter 11 Amid Baby Powder Lawsuits
New Brunswick, NJ — On May 1, Johnson & Johnson’s subsidiary LLT Management LLC expressed its plans to initiate a Chapter 11 bankruptcy filing and proposed a structured plan to settle over 61,000 lawsuit claims. These claims concern the company’s past sale of baby powder, which plaintiffs argue contained asbestos and provoked cases of ovarian cancer. This legal maneuver is set within the broader context of increasing scrutiny and litigation that Johnson & Johnson has faced in recent years, attributed to allegations that its talc-based products were contaminated with asbestos—a substance well-known for its carcinogenic … Read more