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The Wall Street Journal: Johnson & Johnson places its talc liabilities into bankruptcy

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The Wall Street Journal: Johnson & Johnson places its talc liabilities into bankruptcy

Johnson & Johnson placed into bankruptcy its liabilities for tens of thousands of claims linking talc-based products to cancer, hoping to drive a settlement of personal-injury claims that are expected to grow for decades to come.

The healthcare company said Thursday that a corporate affiliate holding talc-related liabilities had filed for chapter 11 protection “to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including any current and future claimants.”

Source: This post first appeared on http://marketwatch.com/


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