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Johnson & Johnson’s Second Talc Bankruptcy Case Thrown Out

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A judge threw out the second bankruptcy case that Johnson & Johnson filed to resolve its mass talc liabilities, a victory for injury claimants who rejected the $8.9 billion offer

A bankruptcy judge rejected J&J’s pursuit of an $8.9 billion settlement in chapter 11 to resolve mass talc liabilities Judge Michael Kaplan said affiliate LTL Management wasn’t in sufficient financial distress to warrant granting it the legal protections of chapter 11.

 

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