experts 2020 Health

J&J mulls offloading lawsuits from Baby Powder to new company and bankrupting it: sources

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globalnews.ca

Johnson & Johnson asks U.S. Supreme Court to void $2B baby powder verdict “Johnson & Johnson Consumer Inc. has not decided on any particular course of action in this litigation other than to continue to defend the safety of talc and litigate these cases in the tort system, as the pending trials demonstrate,” the J&J subsidiary housing the company’s talc products said in a statement provided to Reuters.

J&J declined further comment.Should J&J proceed, plaintiffs who have not settled could find themselves in protracted bankruptcy proceedings with a likely much smaller company.

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