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J&J Talc Spinoff's Ch. 11 Case Gets Tossed, Erasing $9B Deal

By Alex Wittenberg ( March 31, 2025, 9:31 PM EDT) -- A Texas bankruptcy judge rejected Johnson & Johnson's third attempt to use Chapter 11 to settle thousands of claims that its products caused cancer, dismissing J&J unit Red River Talc's Chapter 11 case on Monday and throwing out a roughly $9 billion bankruptcy deal over issues with the company's voting procedures and third-party releases. . . .

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