(Bloomberg) -- Johnson & Johnson is exploring a plan to put liabilities from its Baby Powder litigation into a newly created business that would seek bankruptcy protection, Reuters reported citing people familiar.
The company has not made a decision on the plan, and “could ultimately abandon the idea”
Reuters said it couldn’t find out if the company has retained restructuring lawyers
NOTE: June 2021, J&J Must Pay $2.1 Billion Talc Award as Top Court Rejects Appeal
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