Johnson & Johnson Faces Setback as Talc Bankruptcy Ruling Rattles Legal Landscape
CHARLESTON, W.Va. — Johnson & Johnson is facing significant legal challenges following a recent court ruling that dismissed its bankruptcy case related to talc-based products. This decision appears to mark a turning point for the pharmaceutical giant, which had filed for Chapter 11 in an effort to shield itself from thousands of lawsuits alleging that its talc products were linked to cancer. In a ruling handed down Thursday, a federal judge cited reasons related to the legitimacy of the company’s bankruptcy strategy. Johnson & Johnson had aimed to address nearly 38,000 claims by transferring its … Read more