Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Ruling Prompts Outcry on Tort Reform
Johnson & Johnson faced a significant setback recently when a federal bankruptcy judge in New Jersey ruled against the company’s plan to resolve thousands of lawsuits related to its talc products. This ruling has heightened concerns over the legal landscape for corporations facing litigation over product safety and customer health issues. The bankruptcy court’s decision marks a pivotal moment in a case that has captured national attention, particularly given that Johnson & Johnson previously sought protection under Chapter 11 as a strategy to manage its liabilities stemming from lawsuits alleging that its talc-based products caused … Read more