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J&J effort to resolve talc lawsuits in bankruptcy fails a second time (www.reuters.com)

submitted 2 years ago by Madison_rogue@kbin.social to c/news@kbin.social

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NEW YORK, July 28 (Reuters) - A U.S. judge on Friday shot down Johnson & Johnson's (JNJ.N) second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed.

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[–] Hegar@kbin.social 3 points 2 years ago* (last edited 2 years ago)

If I knowingly and intentionally spent 50 years giving mothers and children cancer, I might face some kind of consequences. But if I take their money while doing it, worst case I might have to give a small fraction of it back.