J&J Unit Proposes Independent Exam If It Remains in Bankruptcy
A Johnson & Johnson (J&J) subsidiary proposed on Friday that it would submit to an independent examination of ...
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A Johnson & Johnson (J&J) subsidiary proposed on Friday that it would submit to an independent examination of ...
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By Dietrich Knauth, Tom Hals and Mike Spector (Reuters) - A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent exa...
A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, is fighting to remain in bankruptcy, arguing that is the best way to reach an "equitable, efficient, and consensual resolution" of more than 38,000 claims alleging that J&J's talc-based products caused cancers including mesothelioma. J&J maintains that its consumer talc products are safe.
A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, is fighting to remain in bankruptcy, arguing that is the best way to reach an "equitable, efficient, and consensual resolution" of more than 38,000 claims alleging that J&J's talc-based products caused cancers including mesothelioma. J&J maintains that its consumer talc products are safe.