Judge Rejects J&J's $10 Billion Talc Settlement Proposal

The ruling marks the third failed bankruptcy strategy by Johnson & Johnson, which now plans to address claims through the civil court system.

A U.S. bankruptcy judge denied Johnson & Johnson's $10 billion settlement proposal, citing a faulty voter solicitation process for personal injury claimants.
This is the third time J&J's bankruptcy strategy to resolve talc-related lawsuits has been rejected by the courts.
The company announced it will not appeal the ruling and will instead litigate the lawsuits individually in the civil court system.
The lawsuits allege that J&J's talc products caused ovarian cancer and mesothelioma, though the company maintains its products are safe and asbestos-free.
J&J shares fell over 3% following the court decision, reflecting ongoing legal and financial challenges for the company.