J&J is using a bankruptcy maneuver to block lawsuits over baby powder cancer claims - NewsBreak
By Victor in Business
Updated 3 years ago
Johnson & Johnson is drawing criticism after using a controversial bankruptcy maneuver to block roughly 38,000 lawsuits linked to claims that its talc baby powder was contaminated with cancer-causing asbestos. The health products giant used a quirk of Texas state law to spin off a new company called LTL, then...