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Reuters
J&J talc unit faces bankruptcy judge after tactic rejected
Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11 proceedings. A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals on Jan. 30 ruled that the J&J subsidiary’s bankruptcy case should be dismissed, finding it had no legitimate claim to Chapter 11 protection because it did not face financial distress. Absent a reversal, the decision would force J&J back into trial courts to battle nearly 40,000 lawsuits alleging the company’s Baby Powder and other cosmetic products containing talc cause cancer.
