Johnson & Johnson Faces Major Setback as Bankruptcy Ruling Reverses Talc Litigation Protections
Johnson & Johnson’s recent legal defeat underscores the growing tensions surrounding tort cases as the company grapples with its ongoing bankruptcy proceedings. In Chicago, Illinois, a federal judge’s ruling has complicated the pharmaceutical giant’s strategy to manage thousands of claims linked to its talc-based products, which some consumers allege caused cancer. The court’s decision rejected Johnson & Johnson’s attempt to use bankruptcy protection to shield itself from liability regarding its talc-related lawsuits. This ruling comes after the company filed for Chapter 11 bankruptcy in October 2021, with the intention of creating a trust to address … Read more