Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to resolve thousands of lawsuits through a subsidiary’s bankruptcy.
U.S. Bankruptcy Judge Christopher Lopez in Houston will decide the fate of the company’s latest Chapter 11 during a weeks-long court hearing weighing competing demands to approve the settlement or end the bankruptcy altogether.
J&J is attempting to use a subsidiary’s bankruptcy to resolve lawsuits from more than 62,000 plaintiffs alleging its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers, a claim that J&J denies.
https://bluewaterhealthyliving.com/news/business-and-economy/jj-begins-crucial-battle/