Johnson & Johnson baby powder/credit: MailHamdi/Shutterstock.com Let J&J File for Bankruptcy
Johnson & Johnson is considering offloading liabilities from its talc litigation into a newly created subsidiary that would then seek bankruptcy protection.
September 10, 2021 at 10:00 AM
5 minute read
According to a July 18 report by Reuters, Johnson & Johnson is considering offloading liabilities from its talc litigation into a newly created subsidiary that would then seek bankruptcy protection.
While certain talc claimants have denounced this strategy, I view this as a positive development for J&J's talc victims.
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