Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Ruling Provokes Widespread Controversy
Johnson & Johnson’s recent legal troubles have underscored significant tensions in the bankruptcy court system, particularly regarding tort claims tied to its talc products. In a pivotal ruling, a federal bankruptcy judge recently dismissed the company’s bid for protection under bankruptcy laws, dealing a serious blow to the pharmaceutical giant’s strategy to manage thousands of lawsuits stemming from allegations that its talc products caused cancer. The decision, handed down in Wilmington, Delaware, puts a spotlight on the contentious relationship between corporate bankruptcy and tort litigation. J&J sought to use bankruptcy as a shield against mounting … Read more