Johnson & Johnson Announced That Its Subsidiary, Red River Talc Has Filed A Voluntary Prepackaged Chapter 11 Case To Resolve All Current And Future Ovarian Cancer Talc Claims
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson's subsidiary, Red River Talc, has filed for a voluntary prepackaged Chapter 11 bankruptcy to address current and future ovarian cancer talc claims.
September 20, 2024 | 7:36 pm
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Johnson & Johnson's subsidiary, Red River Talc, has filed for Chapter 11 bankruptcy to manage ovarian cancer talc claims, potentially impacting JNJ's legal and financial standing.
The filing of Chapter 11 by a JNJ subsidiary indicates significant legal challenges related to talc claims. This could lead to financial liabilities and affect investor sentiment negatively in the short term.
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