
Johnson & Johnson on Thursday announced its subsidiary--created to manage tens of thousands of legal cases regarding its talc-based products--was filing for Chapter 11 bankruptcy protection. (Photo: Ikhlasul Amal/flickr/cc)
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\u201cHere we go again. Another giant corporation is abusing our bankruptcy system to shield its assets and evade liability for the harm it has caused people across the country. We can\u2019t keep letting this happen and I have a bill to stop it. \nhttps://t.co/OTKdBmomSZ\u201d— Elizabeth Warren (@Elizabeth Warren) 1634308940
"Another giant corporation is abusing our bankruptcy system."
The bankruptcy filing comes four months after a Missouri appeals court ordered Johnson & Johnson to pay more than $2 billion to women who said their ovarian cancers were caused by the company's talcum products.
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\u201cHere we go again. Another giant corporation is abusing our bankruptcy system to shield its assets and evade liability for the harm it has caused people across the country. We can\u2019t keep letting this happen and I have a bill to stop it. \nhttps://t.co/OTKdBmomSZ\u201d— Elizabeth Warren (@Elizabeth Warren) 1634308940
"Another giant corporation is abusing our bankruptcy system."
The bankruptcy filing comes four months after a Missouri appeals court ordered Johnson & Johnson to pay more than $2 billion to women who said their ovarian cancers were caused by the company's talcum products.
\u201cHere we go again. Another giant corporation is abusing our bankruptcy system to shield its assets and evade liability for the harm it has caused people across the country. We can\u2019t keep letting this happen and I have a bill to stop it. \nhttps://t.co/OTKdBmomSZ\u201d— Elizabeth Warren (@Elizabeth Warren) 1634308940
"Another giant corporation is abusing our bankruptcy system."
The bankruptcy filing comes four months after a Missouri appeals court ordered Johnson & Johnson to pay more than $2 billion to women who said their ovarian cancers were caused by the company's talcum products.