3rd Cir. / Texas Two Step
Johnson & Johnson Refiles Talc Bankruptcy
The Third Circuit, in an opinion by Judge Ambro, dismissed Johnson & Johnson’s (“J&J”) Texas Two-Step bankruptcy attempt to place one of its subsidiaries holding talc liabilities in Chapter 11 bankruptcy, reasoning that the debtor did not suffer from financial distress.
Facing nearly forty thousand claims for manufacturing baby powder allegedly containing carcinogenic talc, J&J... Read More