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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The plaintiffs include women suffering from ovarian cancer and others battling mesothelioma.\nJ&J said talc cases would be halted while LTL navigates bankruptcy proceedings.\nIt added it would fund LTL’s liabilities in an amount later determined by a bankruptcy judge, and establish a $2 billion trust for the same purpose. 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