A U.S. court on Monday rejected pharmaceutical company Johnson & Johnson’s bankruptcy strategy to resolve billions of dollars in lawsuits that alleged the firm’s talc products cause cancer. A decision handed down by the U.S. Third Circuit Court of Appeals in Philadelphia dismissed a Chapter 11 petition filed by a recently created J&J subsidiary LTL
https://www.theepochtimes.com/court-rejects-johnson-johnson-bankruptcy-strategy-for-tens-of-thousands-of-baby-powder-lawsuits_5020805.html