Johnson & Johnson Faces Multibillion-Dollar Settlement as Talc Powder Litigation Swells Across The U.S.
NEW YORK — For years, Johnson & Johnson has been embroiled in legal battles over its talcum powder products, with thousands of lawsuits claiming that prolonged use of these products can lead to ovarian cancer and other serious health issues. The most recent development in this saga is the bankruptcy filing by one of J&J’s units, Red River Talc LLC, as it tries to handle the liabilities stemming from these cases through a Chapter 11 restructuring plan. On September 23, 2024, Red River Talc LLC announced it was pursuing bankruptcy for the third time. This … Read more