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IPFS News Link • Lawsuits

Johnson & Johnson weighs offloading baby powder asbestos lawsuits into--

• https://www.dailymail.co.uk by Reuters

J&J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer

A Missouri court has awarded one group of women $2 billion in damages 

The company is reportedly exploring a plan to offload liabilities into a newly created business that would then seek bankruptcy protection

The maneuver is known among legal experts as a Texas two-step bankruptcy 

Should J&J proceed, plaintiffs who have not settled could find themselves in protracted bankruptcy proceedings with a likely much smaller company 


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