Johnson & Johnson Has a New Plan to Settle Talc Bankruptcy
Johnson & Johnson on Wednesday unveiled its latest effort to put to rest the sweeping litigation it has faced over alleged injuries caused by its talc products, offering deals under which it would pay roughly $11 billion to various groups of plaintiffs. The talc lawsuits have dogged Johnson & Johnson for years. Earlier efforts to settle the claims involving complex maneuverings in bankruptcy court system have repeatedly failed.