Published on 23 May 2024 on Benzinga
Johnson & Johnson's Bankruptcy Tactics Are Fraudulent, Plaintiffs Accuse Company Of Defrauding...
A group of cancer victims has reportedly filed a lawsuit against Johnson & Johnson JNJ, accusing the healthcare giant of committing fraud through its persistent efforts to use a shell company’s bankruptcy to resolve numerous lawsuits.
The plaintiffs argue that Johnson & Johnson’s bankruptcy strategy was designed to “hinder, delay, and defraud” them, effectively putting billions of dollars out of their reach and preventing them from having their day in court.