Johnson & Johnson Faces Major Setback in Talc Litigation After Bankruptcy Court Ruling
BASKING RIDGE, N.J. — A federal judge’s rejection of Johnson & Johnson’s bankruptcy plan marks a significant moment in the ongoing legal struggles over the company’s talcum powder products. The decision underscores the complexities surrounding mass tort claims, particularly in cases involving bankruptcy filings designed to manage large-scale lawsuits. This ruling comes as Johnson & Johnson faces approximately 38,000 claims linked to allegations that its talc products caused cancer. The company had sought bankruptcy protection for its talc division in 2021, aiming to create a settlement fund while halting litigation pressures. However, the judge found … Read more