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J&J effort to resolve talc lawsuits in bankruptcy fails a second time after judge tosses suit

Johnson & Johnson s proposed $8.9bn settlement to resolve tens of thousands of lawsuits over its talc products has been imperilled. US Bankruptcy Judge Michael Kaplan rejected the healthcare company s second attempt to resolve the cases in bankruptcy, stating that financial distress had not forced the company to act. Plaintiffs have lodged mass lawsuits alleging that Johnson & Johnson s baby powder and other talc products caused mesothelioma, ovarian cancer and other cancers. ....

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Johnson & Johnson effort to resolve talc lawsuits in bankruptcy fails a second time

U.S. Bankruptcy Judge Michael Kaplan ruled that J&J company’s second bankruptcy must, like its first, be dismissed as the company was not in ‘financial distress’ ....

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