Tag #Talc Lawsuit

What were the key reasons behind the judge's rejection of Johnson & Johnson's bankruptcy plan to address talc-related lawsuits?

A US federal judge rejected Johnson & Johnson's third attempt to use bankruptcy to create a multibillion-dollar trust fund for women claiming talc-related cancer. The company offered $6.475 billion (or $9 billion over 25 years) for ovarian cancer claims, totaling approximately $11 billion with other claims. This was rejected due to irregularities in the approval process, where only 75% of claimants approved the deal, according to Judge Christopher Lopez's 57-page ruling.