J&J Has An Uphill Battle To Keep Newest Ch. 11 In Texas
By Vince Sullivan · September 27, 2024, 9:07 PM EDT
Consumer products giant Johnson & Johnson is facing significant pushback for filing its third bankruptcy in yet another new venue as it seeks to address tens of thousands of talc liability...
Red River Talc, the latest talc liability spin off of cosmetics and pharmacy giant Johnson & Johnson, filed for Chapter 11 bankruptcy with plans to set up an $8 billion trust to settle claims that J&J baby powder caused cancer. The latest filing comes after J&J's previous two talc-liability spin off bankruptcies were dismissed.
Case Number
24-bk-90505
Judge
Christopher M. Lopez
Venue
U.S. Bankruptcy Court for the Southern District of Texas