Johnson & Johnson defends talc bankruptcy strategy called ‘rotten’ by cancer plaintiffs

Feb 14 (Reuters) – A Johnson & Johnson (JNJ.N) 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…

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News Source: https://www.reuters.com/business/healthcare-pharmaceuticals/johnson-johnson-defend-talc-bankruptcy-court-2022-02-14/

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