J&J's Third Bankruptcy Attempt to End Talc Suits Rejected

J&J faces more than 62,000 lawsuits for its talc-based products, primarily its baby powders. The lawsuits allege that its talc products contain asbestos, which caused many women to develop ovarian and some other cancers. J&J insists that talc-based products are safe and do not cause cancer. J&J has permanently discontinued the sale of its talc-based Johnson's Baby Powder globally. J&J's 3 Bankruptcy Filing in Texas After Two Failed Attempts In September, J&J, via a subsidiary called Red River Talc, filed fo ...