Johnson & Johnson Faces Legal Setback as Talc Bankruptcy Ruling Sparks Wider Tort Controversy
Trenton, New Jersey — Johnson & Johnson’s contentious legal battle surrounding its talc products faced a decisive setback recently, complicating the company’s attempts to resolve lawsuits linked to alleged cancer risks associated with its talc-based baby powder. A bankruptcy court has now rejected the firm’s strategy to shelter itself from litigation by filing for Chapter 11 protection. The court’s ruling has ignited scrutiny over the legal mechanisms companies may employ to manage liability claims. Johnson & Johnson had sought to create a subsidiary to house its talc-related liabilities, hoping to shield itself from the growing … Read more