Johnson & Johnson still pursuing bankruptcy, J&J is currently facing more liability than cash reserves

This case has nothing to do with Johnson & Johnson's ongoing operations. Instead, the company faces more liability in the talc lawsuits than it has in cash reserves.  The company is pursuing a number of options to file for bankruptcy in order to settle those claims. pic.twitter.com/yRPListOvo

— MacroSpeed Economics (@MacroSpeedEcon) October 23, 2023