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Subsidiary of Johnson & Johnson company is driven to bankruptcy over talc claims

..., according to the information posted on the Johnson & Johnson’s website . Thus, it is planned to consider the issue of compensation payments, which has been previously announced, in court. According to Michael Ullmann, the leading legal adviser of Johnson & Johnson, the bankruptcy measure for the subsidiary is being taken to bring legal clarity to the cosmetic talc conflict. At the same time, Johnson & Johnson intends to provide LTL not only with the amounts that, according to the court, should be paid within the framework of the claims, but also ...

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