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Didn't you even skim the article? There's a short summary at the beginning: > J&J is facing more than 38,000 lawsuits alleging that the company's talc products
by littlestymaar 3y ago
Didn't you even skim the article? There's a short summary at the beginning:
> J&J is facing more than 38,000 lawsuits alleging that the company's talc products, including its Baby Powder, were contaminated by asbestos and caused cancers including ovarian cancer and mesothelioma
- Panzer04 3y agoRight, but these judgements have yet to be levied. The problem they are solving with this maneuver is ensuring a common/fair result for the people suing, without the "unreasonable" step of declaring bankruptcy on the company as a whole without actual obligations. As other comments have mentioned, Matt Levine has an excellent article describing the logic behind their actions.