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U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

A U.S. appeals court upended Johnson & Johnson’s attempt to offload into bankruptcy tens of thousands of lawsuits over its talc products, ruling the healthcare conglomerate improperly placed a subsidiary into Chapter 11 proceedings even though it did not face financial distress. The decision by the U.S. 3rd Circuit Court of Appeals in Philadelphia on […]

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