J&J talc bankruptcy stays in Texas despite ‘forum-shopping” opposition

A Johnson & Johnson banner is displayed on the front of the NYSE in New York

By Dietrich Knauth

NEW YORK (Reuters) – A Johnson & Johnson subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its talc products caused cancer in a Texas bankruptcy court, a judge ruled on Thursday, allowing the company to avoid a venue that shot down its two previous efforts.

(Reporting by Dietrich Knauth; Editing by Alexia Garamfalvi and Leslie Adler)