A U.S. judge dismissed Johnson & Johnson’s second attempt to settle tends of thousands of lawsuits over its talc products in bankruptcy, putting in peril a proposed $8.9B settlement that would block new litigation, Reuters’ Dietrich Knauth reports. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, determined that the company’s second attempt, like its first, must be rejected because the company was not in “financial distress,” the author notes.
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