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J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court [1]

['Jonathan Randles', 'Peter Loftus']

Date: 2023-04

A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000 lawsuits linking its talc products to cancer, blunting a strategy the consumer health giant and a handful of other profitable companies have used to sidestep jury trials.

The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the company created in 2021 to move the talc injury lawsuits to bankruptcy court and freeze them in place. J&J is now exposed once again to talc-related cancer claims that have cost the company’s consumer business $4.5 billion in recent years and are expected to continue for decades.

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[1] Url: https://www.wsj.com/articles/j-js-talc-bankruptcy-case-thrown-out-by-appeals-court-11675096308

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