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JJ unit files for second bankruptcy to pursue $8.9 billion talc settlement

The agreement follows a January appeals court ruling invalidating JJ’s controversial “Texas two-step� bankruptcy maneuver, in which it sought to offload the talc liability onto a subsidiary that immediately filed for Chapter 11.

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​ The agreement follows a January appeals court ruling invalidating JJ’s controversial “Texas two-stepâ€� bankruptcy maneuver, in which it sought to offload the talc liability onto a subsidiary that immediately filed for Chapter 11. The agreement follows a January appeals court ruling invalidating JJ’s controversial “Texas two-stepâ€� bankruptcy maneuver, in which it sought to offload the talc liability onto a subsidiary that immediately filed for Chapter 11.  Moneycontrol Latest News Read More  

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