J&J is using a bankruptcy maneuver to block lawsuits over baby powder cancer claims - NewsBreak

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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...

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