Johnson & Johnson’s Talc Litigation Strategy Stumbles as Bankruptcy Plan Fails
Johnson & Johnson’s attempt to channel mass tort talc litigation through the U.S. bankruptcy courts has faced a notable setback. The company’s strategy to manage the litigation through bankruptcy, which revolved around a proposed $9 billion Chapter 11 settlement, was unsuccessful, leaving approximately 60,000 lawsuits unresolved. These allegations claim that J&J’s talc products, including its…