Talc Tangle: Johnson & Johnson Faces Legal Setback in Bankruptcy Court Over Tort Claims
Indianapolis, Ind. — Johnson & Johnson faced a significant setback in its legal battles over talc products after a bankruptcy court ruling favored thousands of claimants alleging that the company’s talc-based baby powder caused cancer. This decision highlighted a growing trend of skepticism towards the use of bankruptcy by companies as a shield against tort claims. The ruling arose from Johnson & Johnson’s attempt to navigate numerous lawsuits alleging that its talc products contained asbestos, a known carcinogen. The company’s strategy involved creating a spinoff entity to manage these litigations, a move that has recently … Read more