U.S. Bankruptcy Judge Michael B. Kaplan is set to rule by Feb. 28 on a demand to throw out a bankruptcy case filed by a unit of Johnson & Johnson (NYSE:JNJ) over claims that the company’s baby powder led to cancer.
“We can then see where this case is going by the end of February,” Bloomberg reported quoting Kaplan as saying in court Friday.
Having set up a unit called LTL Management to offload its talc liabilities, Johnson & Johnson (JNJ) put it in bankruptcy last year to deal with all current and future lawsuits.
All the cases are temporarily on hold amid ongoing legal proceedings on bankruptcy.
However, if the Judge rules in favor of the bankruptcy, a company-funded trust would be created by LTL to pay for talc claims.