J&J’s First Attempt to Escape Cancer Claims With Bankruptcy Failed. Now It’s Trying Again | Bloomberg – After Johnson & Johnson’s failed first attempt to use bankruptcy to avoid claims being brought against it, the company has once again filed for Chapter 11 protection. This time, J&J has included a plan that would involve paying $8.9B to resolve all talc-cancer lawsuits. This figure is significantly higher than the initial settlement proposed in the initial filing, and J&J says that they have the support of many claimants.
Source: Guess Who’s Back! With Distress This Time! Consignment Lifeline, Failure to Launch, and Quite a Pickle