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U.S. court dismisses bankruptcy petition by J&J’s talc unit

U.S. court dismisses bankruptcy petition by J&J’s talc unit

Johnson & Johnson’s strategy to use bankruptcy to resolve multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, which dismissed a bankruptcy petition by its talc subsidiary. The ruling by the U.S. 3rd Circuit Court of Appeals in Philadelphia removed from bankruptcy the company’s LTL Management […]

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