DOJ Opposes Protection for Johnson & Johnson in Second Talc Bankruptcy

Justice Department officials criticized Johnson & Johnson’s renewed effort to settle its mass talc liabilities through chapter 11, saying it doesn’t deserve continued protection from tort lawsuits because it is doubtful that enough claimants will accept the company’s offer.

The agency’s Office of the U.S. Trustee, which monitors the nation’s bankruptcy courts, said on Monday that J&J’s second effort to resolve its talc liabilities through bankruptcy should fare no better than its first, which was officially dismissed by a…

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