The ruling follows more than 38,000 lawsuits claiming that J&J’s Baby Powder and other talc-products contained asbestos that could cause mesothelioma, ovarian cancer and other cancers.
J&J has been attempting to resolve the more than lawsuits since 2021, assigning its subsidiary LTL Management to manage the claims, before filing a bankruptcy petition – a move sometimes referred to as a ‘Texas Two-Step’.
A bankruptcy judge had initially ruled in favour of the move back in February 2022, but the strategy faltered earlier this year when LTL’s petition was rejected…
