Johnson & Johnson's plan for bankruptcy to end talc cancer claims rejected

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Johnson & Johnson's plan for bankruptcy to end talc cancer claims rejected - Business Standard

Quick Summary:

Since J&J launched its strategy in 2021, critics have complained that the company, one of the most profitable in the world, is trying to use special federal rules only available to bankrupt businesses to shield itself from the lawsuits.

The women who sued allege J&J sold baby powder and similar products made from talc contaminated with the cancerous substance asbestos.

By moving the case to Texas, the company came under the jurisdiction of the appeals court in New Orleans, which has issued decisions more in line with J&J’s legal arguments.