US Court Throws Out Johnson & Johnson Talc Bankruptcy
On January 30th, a U.S. court dismissed Johnson & Johnson’s (J&J) bankruptcy attempt to avoid asbestos talc liability for thousands of cancer claims. The U.S. Court of Appeals for the 3rd Circuit ruled that J&J improperly placed a subsidiary, LTL Management, into bankruptcy as it was not under financial distress. The ruling, several years …