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October 22, 2021

J&J Spinoff Company Files for Bankruptcy to Stem Damage from Talcum Powder Cancer Lawsuits
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Johnson & Johnson is under fire for using a legal trick to avoid
liability over its asbestos-laced talcum powder, which has been linked
to cancer. Thanks to a Texas loophole, J&J spun off a separate company
to absorb nearly 40,000 lawsuits, then filed that entity for bankruptcy,
putting all those cases on pause pending a bankruptcy settlement. J&J
heavily marketed its baby powder to African American women for years,
with the knowledge its product contained asbestos.


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