J&J Subsidiary Files for Bankruptcy to Advance $8 Billion Talc Settlement

J&J Subsidiary Files for Bankruptcy

In a major legal development, a Johnson & Johnson (J&J) subsidiary files for bankruptcy to advance an $8 billion settlement. This action seeks to resolve tens of thousands of lawsuits alleging that J&J’s talc-based products, such as baby powder, caused cancer. The filing marks the third time J&J has attempted to use bankruptcy as a … Read more