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DewDiligence

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DewDiligence

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Re: DewDiligence post# 556

Thursday, 03/23/2023 10:48:17 AM

Thursday, March 23, 2023 10:48:17 AM

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JNJ’s talc litigation heads to US Supreme Court:

https://www.wsj.com/articles/j-j-fails-to-win-appellate-rehearing-of-talc-units-bankruptcy-dismissal-a23374be

Johnson & Johnson will seek the Supreme Court’s review after a federal appeals court declined to revive the company’s bid to use chapter 11 bankruptcy to freeze nearly 40,000 lawsuits linking its talc products to cancer.

This case has ramifications for 3M’s earplug litigation, although the two scenarios have material differences (#msg-171072884).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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