Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Plan Thwarted in Court
Joe’s Creek, N.J. — Johnson & Johnson is facing a significant setback as a federal judge’s decision to dismiss its bankruptcy filing to manage thousands of talc-related lawsuits puts the company back in the spotlight. This ruling has raised questions about the legitimacy of legal strategies employed by major corporations facing widespread claims. The judge’s rejection of Johnson & Johnson’s bankruptcy petition comes in the wake of the company attempting to shield itself from liability related to talc products linked to cancer allegations. The court noted that J&J’s approach to offloading its liabilities through bankruptcy … Read more