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US judge rejects J&J’s $10 billion baby powder settlement

US judge rejects J&J’s $10 billion baby powder settlement

US judge rejects J&J’s $10 billion baby powder settlement

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By Dietrich Knauth

NEW YORK (Reuters) -A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s bankruptcy strategy has failed in court.

(Reporting by Dietrich Knauth; Editing by Sandra Maler)

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