A British court judge has rejected a plan to decide on Johnson and Johnson, which is related to children’s powder, which has provided another retreat from the company’s efforts to resolve the issue.
This is the third bankruptcy to a J&J company because it is related to children’s powder problems.
Red RIVER TALC LLC, a branch of J&J, called for confirmation of a proposed bankruptcy plan 11, which should have been one of the largest mass town in history, if approved. Reed River and J&J proposed to pay $9 billion to settle ovarian cancer and other women’s cancer trials based on Talk products.
But Judge Christer Lopez of the US Court of Employment for South Texas, Houston’s department said in a court recording that J&J used the process of error voters when dealing with injuries.
J&J said in a statement that it would not seek appeal, and instead it went back to the civil law system “to make these bitter demands without merit and fail. It also reverses about $7 billion in previous reserves.
The company said it had resolved 95 percent of the complaints recorded, all of the state consumer protection requests, and all the Talk-daise disputes were over.
Last year, a branch of J&J proposed to pay about $6
The anti-J&J requests have said the powder has caused users to develop ovarian cancer by using it for women’s hygiene, or mediolioma, a cancer that affects the lungs and other organs.
The claims have contributed to the decline in sales of J&J Baby Powder, which has led the company to suspend the sale of its products on the TALC in In 2022, J&J announced a plan to sell its products worldwide.
J&J said that the reorganization plan for the branch was significantly different from the previous regulation that was announced. The company said the plan would fix 99.75 percent of all of the outstanding nets of the outskirts against him and its branches in the United States.
At the time, J&J said the remaining requests for personal injuries related to Mesutelioma would be treated outside the plan.
J&J’s share fell more than 3 percent before the market opened on Tuesday.