Johnson & Johnson's attempts to use the bankruptcy of its subsidiary, LTL Management LLC, to settle claims that its talc-based products, like baby powder, caused cancer have failed once again, this time in US Bankruptcy Court for the District of New Jersey. In an article on Bloomberg Law, Professor Ralph Brubaker explained that the company's first attempt to use bankruptcy, which was thrown out by the US Court of Appeals for the Third Circuit, makes an appeal on the second attempt very unlikely "to get much traction."
Read the full story from Bloomberg Law.