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2025: Bankruptcy via Court
On February 18, 2025 Houston USA , the bankruptcy proceedings against Red River Talc, a subsidiary, began in (). Johnson & Johnson The process involves numerous lawsuits over sales of talc-based baby powder, which may have caused cancer the presence of carcinogenic asbestos in it. The number of victims is estimated at tens of thousands of people.
According to Reuters, Johnson & Johnson is trying to use the bankruptcy of Red River Talc to resolve lawsuits from more than 62 thousand plaintiffs claiming that the company's baby powder and other talc-based products can provoke ovarian cancer and other types of malignancies. According to Johnson & Johnson, bankruptcy will provide a faster and fairer way to pay compensation to victims who may otherwise face lengthy litigation and an unpredictable result. The company claims that in court, the "lottery" system could lead to some plaintiffs receiving significant payments, while others risk being left with nothing.
Earlier, Johnson & Johnson tried to resolve the conflict twice through the bankruptcy of a subsidiary, but these attempts were rejected by the court. As part of the new process, the company is counting on success, noting that the procedure has received support among the plaintiffs.
In 2020, Johnson & Johnson announced the cessation of sales of talc-based baby powder in the United States and Canada, and in 2023 the sale of these products was stopped around the world. At the same time, Johnson & Johnson denies accusations that the powder can provoke the development of cancer: the company says that "decades of scientific testing" confirm the safety of products. At the same time, Johnson & Johnson switched to the production of baby powder based on corn starch.[1]