Johnson & Johnson (J&J) on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. J&J put the talc claims into an entity called LTL Management LLC, which filed for bankruptcy protection on Thursday in North…
Supreme Court Rejects Johnson & Johnson Bid to Toss $2 Billion Talc Verdict
The Supreme Court on Tuesday rejected an appeal by Johnson & Johnson to overturn a $2 billion verdict in favor of women who claimed the company’s talc product caused ovarian cancer. The ruling leaves intact a Missouri court decision to award the women the sizeable sum after a jury found that the company’s talc products contain…
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