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...Christopher Rossbach, chief investment officer of longtime Berkshire shareholder J Stern & Co, said investors would have to wait to see whether the executives who have worked side-by-side with the two men...
...As it became apparent that the first bad-faith bankruptcy was likely to be rejected, J&J doubled down and tried to hide those assets by moving the assets into new companies,” he said....
...The lead plaintiff is an individual, Richard J....
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...A successful listing would focus J&J on its pharmaceutical and medical-device business. The company is just one of a number of legacy US giants engaged in streamlining....
...LTL, the unit created by J&J to house the talc claims, would again file for bankruptcy in order to facilitate the settlement, the company said....
...Johnson & Johnson, one of the world’s largest healthcare companies, is facing thousands of lawsuits from people alleging they got cancer from using one of their oldest products: talc-based baby powder....
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...But when victims and companies strike compromises voluntarily, the US legal system should be prepared to go along with that....
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