Johnson & Johnson Files Bankruptcy To Settle Talc Claims

Johnson & Johnson is attempting to file for bankruptcy to pay out a nine-billion-dollar settlement. On Tuesday the company announced one of its subsidiaries, LTL Management, will be re-filing for bankruptcy to settle "all current and future" claims their talc-based products caused cancer. Johnson & Johnson previously tried to settle the lawsuits by filing for bankruptcy in 2019, but an appeals court ruled they couldn't as the company wasn't in financial distress


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