Johnson & Johnson’s Third Bankruptcy Proposal Rejected
A U.S. judge denied Johnson & Johnson’s (J&J) $10 billion bankruptcy plan to resolve thousands of lawsuits alleging that its talc-based products cause ovarian cancer. This marks the third time that J&J’s attempt to settle talcum powder lawsuits through a subsidiary’s bankruptcy has failed. The company faces over 90,000 lawsuits alleging its baby powder…