US Judge Rejects Another Johnson & Johnson Attempt To Use Bankruptcy For Talc Cancer Claims - Johnson & Johnson ( NYSE:JNJ )
A U.S. bankruptcy court rejected J&J subsidiary Red River Talc's prepackaged bankruptcy plan. J&J will litigate talc lawsuits instead of settling, reversing $7 billion in legal reserves and challenging plaintiff claims in court.
https://www.benzinga.com/general/biotech/25/04/44586129/us-judge-rejects-another-johnson-johnson-attempt-to-use-bankruptcy-for-talc-cancer-claims