Johnson & Johnson Subsidiary Seeks Bankruptcy Protection to Handle Talc Product Claims
The company said the Chapter 11 bankruptcy filing was intended to resolve current and future claims that its products cause cancer.
Source: nytimes.com
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Johnson & Johnson talc powder spinoff files for bankruptcy
Women have filed thousands of lawsuits against J&J, claiming its talcum powder caused ovarian cancers. Billions are now at stake.
Source: cbsnews.com
Johnson & Johnson forms subsidiary to settle tens of thousands of claims products caused cancer
This move will deflect any potential liabilities the company would face into a newly created subsidiary and shift litigation from courtrooms across the country to one legal proceeding.
Source: dailymail.co.uk
Johnson & Johnson puts talc claims subsidiary into bankruptcy
J&J is facing litigation from tens of thousands of people alleging that its talc products contain asbestos and can cause cancer
Source: proactiveinvestors.co.uk
Johnson & Johnson puts talc headache into bankruptcy; plaintiffs will contest the ploy
Johnson & Johnson revealed that it has filed for bankruptcy protection for a subsidiary it has created to manage roughly 30,000 talc litigation cases. Lawyers representing litigants say they will resist the ploy.
Source: fiercepharma.com