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Consumer Law

J&J to Seek Supreme Court Review on Bankruptcy of Subsidiary

Johnson & Johnson said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court refused to reconsider its ruling that the bankruptcy was improper.

J&J sought to use the bankruptcy of its subsidiary company, LTL Management, to halt more than 38,000 lawsuits alleging the company’s Baby Powder and other talc products are contaminated with asbestos, which J&J denies.

J&J maintains its consumer talc products are safe and confirmed through thousands of tests to be asbestos-free.

Read the source article at yahoo.com

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