Johnson & Johnson’s Talc Trial Setback Marks Turning Point in Bankruptcy Court Battles
Johnson & Johnson’s recent courtroom defeat has intensified scrutiny of its bankruptcy strategy, particularly concerning lawsuits linked to its talc products. The company, based in New Brunswick, New Jersey, faced significant backlash as a bankruptcy court in North Carolina dismissed its attempt to use Chapter 11 protections to manage ongoing talc-related claims. This ruling serves as a critical juncture for the firm, which has battled thousands of legal actions from consumers alleging that its talc products contribute to cancer. The bankruptcy court’s decision represents a broader trend where judges are increasingly reluctant to allow companies … Read more