Johnson & Johnson’s Talc Turmoil: Bankruptcy Court Decision Signals Rising Challenges for Tort Claims
CHARLESTON, W.Va. — Johnson & Johnson has faced significant setbacks in its ongoing legal battles, particularly related to its talc-based products, culminating in a recent decision that overturned a bankruptcy plan designed to manage its litigation costs. The company attempted to navigate its mounting legal issues by setting up a subsidiary that would handle claims related to its talc products, arguing that the move was essential for addressing the overwhelming number of lawsuits it faced. However, this strategy encountered staunch opposition in the courts, which questioned the legitimacy of the bankruptcy maneuver, ultimately leading to … Read more