Stock Market News

J&J bankruptcy strategy to avoid lawsuits was rejected by the court

2023.01.30 13:27

J&J bankruptcy strategy to avoid lawsuits was rejected by the court
J&J bankruptcy strategy to avoid lawsuits was rejected by the court

J&J bankruptcy strategy to avoid lawsuits was rejected by the court

By Ray Johnson

Budrigannews.com – (NYSE:) Johnson & Johnson a federal appeals court rejected’s plan to use bankruptcy to settle its multibillion-dollar lawsuit over claims that its talc products cause cancer on Monday, dismissing a talc subsidiary’s bankruptcy petition.

The decision of the U.S. 3rd Circuit Court of Appeals in Philadelphia spared the LTL Management unit of the company, which was facing over 38,000 legal claims related to products like baby powder.

J&J, which asserts the safety of its talc products, established and spun off LTL, transferred its talc liabilities to the unit, and declared bankruptcy.

More:

Pharmaceutical company Amgen cuts 300 employees

MStanley recommends buying Colgate-Palmolive shares

J&J bankruptcy strategy to avoid lawsuits was rejected by the court

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,374.61 0.01%
ethereum
Ethereum (ETH) $ 1,943.22 0.92%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 1.60%
bnb
BNB (BNB) $ 616.61 4.93%
solana
Solana (SOL) $ 135.57 0.51%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.7503 0.87%
dogecoin
Dogecoin (DOGE) $ 0.176617 2.02%
tron
TRON (TRX) $ 0.221766 0.07%
staked-ether
Lido Staked Ether (STETH) $ 1,942.55 1.10%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,238.57 0.04%
pi-network
Pi Network (PI) $ 1.45 4.31%
leo-token
LEO Token (LEO) $ 9.73 0.66%
chainlink
Chainlink (LINK) $ 14.07 1.17%
the-open-network
Toncoin (TON) $ 3.54 20.51%
stellar
Stellar (XLM) $ 0.275444 0.39%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,327.54 1.09%
usds
USDS (USDS) $ 1.00 0.01%
hedera-hashgraph
Hedera (HBAR) $ 0.193025 0.17%
avalanche-2
Avalanche (AVAX) $ 19.33 2.47%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.55%
sui
Sui (SUI) $ 2.36 0.21%
litecoin
Litecoin (LTC) $ 93.03 1.12%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.86 3.69%
polkadot
Polkadot (DOT) $ 4.37 3.70%
mantra-dao
MANTRA (OM) $ 6.62 5.76%
weth
WETH (WETH) $ 1,943.07 0.88%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
bitget-token
Bitget Token (BGB) $ 4.46 0.87%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.19%
hyperliquid
Hyperliquid (HYPE) $ 14.60 4.91%
whitebit
WhiteBIT Coin (WBT) $ 28.94 1.24%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,063.29 0.89%
monero
Monero (XMR) $ 210.77 0.04%
uniswap
Uniswap (UNI) $ 6.29 3.21%
susds
sUSDS (SUSDS) $ 1.04 0.02%
aptos
Aptos (APT) $ 5.37 2.52%
dai
Dai (DAI) $ 1.00 0.01%
near
NEAR Protocol (NEAR) $ 2.66 1.00%
pepe
Pepe (PEPE) $ 0.000007 0.31%
internet-computer
Internet Computer (ICP) $ 5.81 2.30%
okb
OKB (OKB) $ 46.57 0.44%
ondo-finance
Ondo (ONDO) $ 0.877175 0.07%
ethereum-classic
Ethereum Classic (ETC) $ 17.99 0.48%
gatechain-token
Gate (GT) $ 21.69 1.92%
mantle
Mantle (MNT) $ 0.79338 8.13%
aave
Aave (AAVE) $ 173.32 1.06%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,420.62 0.01%
official-trump
Official Trump (TRUMP) $ 12.18 1.19%