Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Ruling Challenges Tort Reform
ATMORE, Ala. — Johnson & Johnson faces significant challenges after a bankruptcy court rejected its attempt to shield itself from lawsuits over talc products. This move exacerbates concerns for the pharmaceutical giant, as thousands of consumers allege that the company’s talcum powder contains asbestos, leading to serious health issues, including cancer. The company’s legal troubles intensified when the court denied a plan that would have allowed it to settle claims efficiently while maintaining financial protections. The rejection indicates a severe backlash against corporate strategies that aim to limit liability in tort cases. Many legal experts … Read more