J&J puts talc liabilities into bankruptcy

Reuters2021-10-15

(Reuters) - Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential ...

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Alfred1007
2021-10-15
Alfred1007
This is how the corporation game is play..
Jazling
2021-10-15
Jazling
Wow
Jazling
2021-10-15
Jazling
Wow
Jazling
2021-10-15
Jazling
Wow
Jazling
2021-10-15
Jazling
Wow
Kenny77
2021-10-15
Kenny77
Good news for ShareInvestor

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LTL has also received certain royalty revenue streams with a present value of more than $350 million to contribute to potential legal costs, J&J said.\n“We are taking these actions to bring certainty to all parties involved in the cosmetic talc cases,” J&J General Counsel Michael Ullmann said in a statement.\n“While we continue to stand firmly behind the safety of our cosmetic talc products, we believe resolving this matter as quickly and efficiently as possible is in the best interests of the (company) and all stakeholders,” Ullmann added.\nReuters first reported in July that J&J was exploring offloading its talc liabilities and placing them into 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