Johnson Johnson talc settlement Company willing to pay 89B for baby powder cancer lawsuits

CHICAGO — Johnson & Johnson is trying once again to use the bankruptcy courts to settle tens of thousands of cases that claim its talc products cause cancer. The pharmaceutical company is now willing to pay $8.9 billion to plaintiffs over 25 years, according to CNN. For a second time, a J&J subsidiary called LTL on Tuesday filed for bankruptcy – a strategy the company said could “equitably and efficiently resolve all claims arising from cosmetic talc litigation” in North America, according to a regulatory filing. A previous attempt to use Chapter 11 bankruptcy protection to resolve the talc cases…