Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Ruling Challenges Tort Claims
CHARLOTTE, N.C. – Johnson & Johnson has faced a significant legal setback as a federal court in North Carolina has dismissed the company’s bankruptcy filing related to its talc products. This decision marks a pivotal moment, reflecting a growing backlash against the use of bankruptcy courts to resolve mass tort claims. In its latest ruling, the court determined that the company’s subsidiary, LTL Management, did not meet the criteria for Chapter 11 bankruptcy protection since it lacked the necessary financial distress. The ruling comes amid ongoing litigation surrounding the company’s talc-based products, which have been … Read more