Johnson & Johnson's Bankruptcy Battle

This chapter explores Johnson & Johnson's strategic decision to utilize bankruptcy in light of numerous lawsuits claiming their baby powder caused cancer. It highlights the ongoing negotiations for a $9 billion settlement, the contentious voting process among claimants, and concerns over potential legal precedents that may arise from the company's attempts to mitigate its liabilities. The discussion reveals the plight of affected women seeking justice amid the complexities of corporate bankruptcy tactics and legal maneuvering.