Judge backs Johnson & Johnson in bankruptcy ploy for talc litigation, clears way for settlement - FiercePharma

A federal bankruptcy judge affirmed the ability for Johnson & Johnson to use Chapter 11 to hasten a settlement that would free the company from roughly 38,000 claims against its talcum products that they say contain cancer-causing agents. The ruling backs up …

It appears that Johnson & Johnsons use of a controversial strategy to establish a holding company for talc litigation cases and then declare the firm bankrupt is likely to save the pharma giant b… [+3021 chars]

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