Tag Archives: baby powder

J&J Mulls Bankruptcy Ploy In Baby Powder Lawsuits

Reuters reports: Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. J&J is now considering using Texas’s “divisive merger” law, which allows a company to split into at least two entities. For J&J, that could …

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