In February 2024, Johnson & Johnson grapples with a significant legal challenge, facing 53,767 pending talcum powder lawsuits consolidated in multidistrict litigation in New Jersey (MDL 2738). The case is currently under the purview of Judge Michael A. Shipp in the U.S. District Court. Complicating matters, J&J’s subsidiary, LTL Management LLC, attempted bankruptcy filing in April 2023 as part of their pursuit of Chapter 11 protection, but this was denied by a judge. Despite J&J’s initial $9 billion settlement offer, which faltered with the denied bankruptcy, the company is now rumored to be considering a third attempt at filing for bankruptcy. Stay informed on the latest developments in this legal saga.