Bankruptcy Negotiations Heat Up: J&J's Talc Deal Faces Rejection from Holdouts

In a significant twist within the ongoing legal saga surrounding Johnson & Johnson's talc powder products, a group of objectors has risen to prominently challenge the company’s proposed $8.9 billion settlement aimed at resolving claims related to cancer risks associated with its talc products. The objection comes during the company's bankruptcy proceedings, where J&J has sought to establish a trust fund to compensate thousands of claimants alleging health issues linked to talc use.

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