Court Again Halts J&J’s Controversial Bankruptcy Strategy in Texas
Philadelphia, PA — In a significant legal ruling, a federal appeals court has again halted Johnson & Johnson’s controversial attempt to manage thousands of lawsuits alleging harm from its talcum-based products through a subsidiary’s bankruptcy. This decision underscores the complexity and contentious nature of corporate bankruptcy strategies involving public health claims. Johnson & Johnson, a household name in healthcare products, utilized a subsidiary, LTL Management, to file for bankruptcy in October 2021. This move was seen as an effort to consolidate and potentially cap liabilities linked to thousands of claims suggesting that its baby powder … Read more