Reported 2 months ago
Johnson & Johnson has reportedly gained sufficient support from over 75% of claimants for its proposed $6.5 billion settlement regarding lawsuits alleging that its talc products caused cancer. This marks a key milestone for the company as it attempts a third time to resolve the litigation through bankruptcy protection. However, legal challenges persist, with opposing attorneys labeling the voting process a 'fake bankruptcy election' that may face further scrutiny in courts.
Source: YAHOO