J&J subsidiary files for bankruptcy to advance $8 billion talc settlement-January 2024-www.financetom.com

J&J subsidiary files for bankruptcy to advance $8 billion talc settlement

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J&J subsidiary files for bankruptcy to advance $8 billion talc settlement

Sep 20, 2024 1:00 PM

Sept 20 - A Johnson & Johnson ( JNJ ) subsidiary filed for

bankruptcy for a third time on Friday as the healthcare giant

seeks to advance an approximately $8 billion proposed settlement

that would end tens of thousands of lawsuits alleging that the

company's baby powder and other talc products caused cancer.

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