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    J&J is using a bankruptcy maneuver to block lawsuits over baby powder cancer claims

    Johnson & Johnson spun off liabilities — including roughly 38,000 lawsuits — linked to claims of asbestos contamination in its baby powder to a new firm, which then declared bankruptcy.
    by Brian Mann Oct 21, 2021 3 minutes
    In this photo illustration, a container of Johnson's baby powder sits on a table in 2019. Johnson & Johnson announced a voluntary recall of 33,000 bottles of the baby powder after federal regulators found trace amounts of asbestos in the product.

    Johnson & Johnson is drawing criticism after using a controversial bankruptcy maneuver to block roughly 38,000 lawsuits linked to claims its talc baby powder was contaminated with cancer-causing asbestos.

    The health products giant used a quirk of Texas state law to spin off a new company called LTL, then dumped all its asbestos-related liabilities — including the avalanche of lawsuits — into the new firm.

    LTL filed for bankruptcy last week in a federal court in Charlotte, N.C., a move designed to sharply limit efforts to recover damages for those who

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