Overview

• 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.