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Court Denies J&J’s Second Attempt to Settle Talc Lawsuits

Move puts $8.9 billion settlement in peril.

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By: TOM BRANNA

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A US judge denied Johnson & Johnson's second bankruptcy attempt to resolve thousands of talc-related lawsuits. The ruling imperils a proposed $8.9 billion settlement that would stop new lawsuits from being filed. In his ruling, US Bankruptcy Judge Michael Kaplan in Trenton, NJ, said a J&J company's second bankruptcy, like its first, must be dismissed because the talc lawsuits did not put it in immediate “financial distress.” In response, J&J said it wil...

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