Judge rejects Johnson & Johnson's $10B settlement to end baby powder lawsuits

A US bankruptcy judge on Monday rejected Johnson & Johnson's $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company's bankruptcy strategy has failed in court. J&J has been attempting to resolve the lawsuits through a subsidiary company's bankruptcy, after two previous bankruptcy attempts failed in other courts. But the judge overseeing its case, US Bankruptcy Judge Christopher Lopez in Houston, ...