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A bankruptcy judge said he will allow Johnson & Johnson’s second bankruptcy filing for its talc liabilities to move forward as the company draws up its $8.9 billion settlement offer.
Judge Michael Kaplan with the U.S. Bankruptcy Court in Trenton, N.J., on Tuesday advanced the second chapter 11 case of LTL Management LLC, a subsidiary of the healthcare-products company that it placed under bankruptcy to resolve claims that J&J’s talc products caused cancer, which the company denies.
Lawyers…
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