Johnson & Johnson Faces Major Setback as Bankruptcy Court Rejects Talc Settlement Plan
Johnson & Johnson is grappling with the consequences of its controversial talc-based products as a recent court ruling has dealt a blow to the company’s efforts to resolve ongoing litigation linked to allegations of cancer risks associated with its baby powder. This development follows a significant bankruptcy court decision highlighting the complex challenges faced by corporations embroiled in extensive legal disputes over their products. In a striking ruling, a federal bankruptcy judge has rejected Johnson & Johnson’s proposed plan to settle thousands of lawsuits claiming its talc products cause cancer. The bankruptcy strategy aimed to … Read more