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April 5, 2023

Johnson & Johnson Files for Bankruptcy Again, Increases Settlement Offer in Talc Lawsuits
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A Johnson & Johnson subsidiary has filed for bankruptcy a second time
and upped their settlement offer from $2 billion to $8.9 billion in
response to tens of thousands of lawsuits by customers who say its talc
products caused their cancer. This comes after an appeals court in
January rejected an earlier attempt by J&J to offload its lawsuits onto
a spinoff company and file that entity for bankruptcy. J&J heavily
marketed its baby powder to African American women for years, with the
knowledge its talc products contained asbestos.


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