Talcum Powder Bankruptcy Dismissed For Second Time
Johnson & Johnson’s most recent attempt to use bankruptcy to resolve talcum powder lawsuits was dismissed for the second time in 2023 after a judge ruled the J&J subsidiary created to resolve the lawsuits was still not in financial distress. On July 28, U.S. Bankruptcy Judge Michael Kaplan ruled that J&J’s subsidiary, LTL Management, was not…