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

Johnson & Johnson company has taken drastic measures to combat the claims it received over talc powder. The management made a decision to drive the subsidiary to bankruptcy, which may free the company from the obligations to pay about $ 3.5 billion in compensation. The company in question is LTL Management LLC (LTL), which was created to deal with claims. The day before, the company filed a lawsuit ...

Modified: 10.18.2021
Johnson & Johnson , bankruptcy , talcum powder , subsidiary , court , USA , corporate bankruptcy
Path: РусБанкрот - СМИ

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