US News

Exclusive: J&J exploring putting talc liabilities into bankruptcy, sources say

Published by
Reuters

By Mike Spector, Jessica DiNapoli and Dan Levine (Reuters) – Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy plan, which could result in lower payouts for cases that do not settle beforehand, some of the people said. Plaintiffs’ lawyers would initially be unable to stop J&J fro…

Read More

Facebook Comments

Check Also

Haiti police say former Supreme Court judge suspect in president’s killing

Published by Reuters PORT-AU-PRINCE (Reuters) – Haitian police ...

Archives