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Johnson & Johnson Announces that its Subsidiary, Red River Talc LLC, has Filed a Voluntary Prepackaged Chapter 11 Case to Resolve All Current and Future Ovarian Cancer Talc Claims

By Yahoo! Finance   |   3 months ago
Johnson & Johnson Announces that its Subsidiary, Red River Talc LLC, has Filed a Voluntary Prepackaged Chapter 11 Case to Resolve All Current and Future Ovarian Cancer Talc Claims

Johnson & Johnson's subsidiary, Red River Talc LLC, filed for Chapter 11 bankruptcy to resolve ovarian cancer claims. 83% support the plan. Red River increased its settlement commitment by $1.75 billion to $8 billion. The Company maintains that the claims lack merit.

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