Bankruptcy court denies J&J's Red River Talc prepackaged plan; $7B reserve reversed

JOHNSON & JOHNSON

U.S. Bankruptcy Court for Southern District of Texas denied confirmation of Red River Talc LLC's prepackaged plan on March 31, 2025.
Johnson & Johnson will reverse approximately $7 billion from amounts previously reserved for the bankruptcy resolution.
The decision is a setback in J&J's strategy to resolve talc-related lawsuits through subsidiary bankruptcy.
Press release attached as Exhibit 99.1 details the announcement.

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