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J&J unit files for bankruptcy to advance $10 billion talc settlement

By Economic Times - 2 months ago
A Johnson & Johnson subsidiary has filed for bankruptcy for the third time to advance a $10 billion settlement aimed at resolving over 62,000 lawsuits alleging its talc products caused cancer. The settlement has divided attorneys, with some supporting it as fair compensation and others opposing it as an underpayment to victims.

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