US government moves to block JJ talc bankruptcy resolution

The US government has taken legal action to block Johnson & Johnson's proposed bankruptcy resolution regarding its talc lawsuits. The company had offered an $8.2 billion settlement in order to resolve thousands of lawsuits alleging that its talc products caused cancer. However, the government argues that the proposed resolution is inadequate and that J&J should face stricter penalties for its alleged misconduct. A judge is set to decide on the fate of J&J's settlement offer in 2025. For more information and professional insights on the future movement of J&J's stocks, consider consulting Stock Prognosis.