Johnson & Johnson Faces Setback as Bankruptcy Court Rejects Talc Claims, Signaling a New Era in Tort Litigation
WILMINGTON, Del. — A recent ruling by a federal bankruptcy judge has underscored the ongoing turbulence surrounding Johnson & Johnson’s efforts to resolve thousands of lawsuits related to its talc-based products. The company, known for its wide array of health and personal care items, faced a significant setback when the court ruled that its controversial $8.9 billion bankruptcy plan was not viable. This ruling comes amid a broader backlash against companies employing bankruptcy as a strategy to manage litigation risks. Johnson & Johnson had sought to address nearly 38,000 claims from individuals who allege that … Read more