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A federal bankruptcy judge has reluctantly thwarted Johnson & Johnson’s second attempt to protect itself from claims related to its baby powder through the bankruptcy of a subsidiary created to hold Johnson & Johnson liabilities.
J&J previously committed only $2 billion to resolve talc claims
Until recently, the nature of ownership of assets on deposit with a third party was not controversial. If a local bank branch goes bankrupt, the cash or other assets deposited with the...
The New Jersey-based pharmaceutical giant, faces paying billions of dollars to resolve lawsuits filed by people who say they got cancer from its products.
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