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A subsidiary created by Johnson & Johnson to hold claims related to its talc-based products filed for bankruptcy on Thursday in an attempt to deal with tens of thousands lawsuits alleging the products are linked
Johnson & Johnson placed into bankruptcy its liabilities for tens of thousands of claims linking talc-based products to cancer
Company faces legal actions from thousands over Baby Powder's cancer link
Johnson & Johnson today announced that LTL Management LLC a newly created and separate subsidiary of Johnson & Johnson, that was established to hold and manage claims in the cosmetic talc litigation, has filed for voluntary Chapter 11 bankruptcy protection. This filing is intended to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including any current and future claimants. ...
Oct 14 - Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products