Exclusive: J&J exploring putting talc liabilities into bankruptcy, sources say

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Go back to Exclusive: J&J exploring putting talc liabilities into bankruptcy, sources say

J&J (JNJ) May Spin Talc Liabilities in Separate Business Before Seeking Bankruptcy Protection - Report

July 19, 2021 8:22 AM EDT

Johnson & Johnson (NYSE: JNJ) is exploring putting its controversial Baby Powder business into a newly-created business that would then seek bankruptcy protection, according to Reuters.

As legal settlements are still ongoing, plaintiffs lawyers are unlikely to be able to stop the company from... More