Johnson & Johnson Faces Setback as Talc Bankruptcy Ruling Signals Growing Legal Challenges
Johnson & Johnson has faced a significant setback in its ongoing legal battles over its talc-based products, culminating in a recent bankruptcy court ruling. The decision caps a challenging period for the company, which has been embroiled in litigation after numerous consumers alleged that its talc products caused serious health issues, including cancer. In a notable turn of events, a judge rejected the company’s request to expedite its bankruptcy process. Johnson & Johnson had sought this route to manage the avalanche of lawsuits tied to its talc products, claiming a financial strategy that would arm … Read more