Legal News Reading and Translation | Johnson & Johnson Uses Bankruptcy Strategy to Address Liability Arising from Talcum Powder Products

【Answer 1】 Legal News Reading and Translation (3) J&J puts talc liabilities into bankruptcy Johnson & Johnson Uses Bankruptcy Strategy to Address Liability Arising from Talcum Powder Products Introduction According to reports, as of April, approximately 28,900 lawsuits pending in U.S. courts accused Johnson & Johnson and its subsidiary Johnson & Johnson Consumer Inc. of causing ovarian cancer and other injuries through its talcum powder-based baby powders. J&J discontinued sales of such products in the United States and Canada in 2020, and in its most recent quarterly report released in April, stated that litigation related to talcum powder continues to mount. This month, J&J ultimately adopted the so-called “Texas Two-Step” bankruptcy strategy to avoid potentially massive litigation payouts. Let’s take a look at Reuters’ coverage. Excerpted from: Reuters Date of original publication: October 14, 2021 Recommended English reading time: 5 minutes Difficulty level: ☆☆ 01 Bilingual Reading (Chinese-English) (*Pay attention to understanding and memorizing the underlined phrases.) J&J puts talc liabilities into bankruptcy Johnson & Johnson Uses Bankruptcy Strategy to Address Liability Arising from Talcum Powder Products Oct 14 (Reuters) — Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into a newly created subsidiary. Reuters, October 14 — Facing tens of thousands of lawsuits claiming that its Baby Powder and other talc-based products cause cancer (hereinafter referred to as “talc-related lawsuits”), Johnson & Johnson adopted a bankruptcy legal strategy this Thursday, thereby transferring all potential liabilities to a newly established subsidiary. J&J put the talc claims into an entity called LTL Management LLC, which filed for bankruptcy protection on Thursday in North Carolina, according to the company and court records. J&J and its affiliates were not part of the bankruptcy filing.

Comprehensive Market Survey and Industry Development Trend Report on China’s Talc Market

【Answer 2】 Chapter II Analysis of the Development Environment of China’s Talc Industry in 2022 Section I Analysis of China’s Macroeconomic Environment in 2022 I. Historical Trajectory Analysis of GDP Growth II. Historical Trajectory Analysis of Fixed Asset Investment III. Forecast Analysis of China’s Macroeconomic Development in 2022 Section II Major Laws, Regulations, and Policies Governing China’s Talc Industry Section III Analysis of Social Environmental Development for China’s Talc Industry in 2022 I. Population Environment Analysis II. Education Environment Analysis III. Cultural Environment Analysis IV. Ecological Environment Analysis V. China’s Urbanization Rate VI. Consumers’ Various Consumption Concepts and Habits Chapter III Analysis of Current Production Status of China’s Talc Industry in 2022 Section I Overview of China’s Talc Industry Capacity I. Capacity Analysis of China’s Talc Industry (2017–2022) II. Capacity Forecast for China’s Talc Industry (2022–2028) Section II Market Capacity Analysis of China’s Talc Industry I. Market Capacity Analysis of China’s Talc Industry (2017–2022) II. Capacity Allocation and Capacity Utilization Survey III. Market Capacity Forecast for China’s Talc Industry (2022–2028) Section III Key Factors Affecting Supply and Demand in the Talc Industry I. Current Supply-Demand Status of China’s Talc Industry (2017–2022) II. Forecast of Supply-Demand Balance Trends in China’s Talc Industry (2022–2028) Chapter IV Data Monitoring and Analysis of China’s Talc Industry (2017–2022) Section I Scale Analysis of China’s Talc Industry (2017–2022) I. Enterprise Count Analysis II. Asset Scale Analysis III. Sales Scale Analysis IV. Profit Scale Analysis Section II Output Value Analysis of China’s Talc Industry (2017–2022) I. Finished Goods Analysis II. Industrial Sales Output Value Analysis III. Export Delivery Value Analysis Section III Cost and Expense Analysis of China’s Talc Industry (2017–2022) I. Cost of Sales Analysis II. Selling Expenses Analysis III. Administrative Expenses Analysis IV. Financial Expenses Analysis Section IV Operational Efficiency Analysis of China’s Talc Industry (2017–2022) I. Profitability Analysis II. Solvency Analysis III. Operational Efficiency Analysis IV. Growth Capability Analysis Chapter V Channel Analysis of China’s Talc Industry Section I Regional Distribution Structure of Demand for China’s Talc Industry in 2022 Section II Regional Market Consumption Analysis of China’s Talc Industry in 2022 I. East China II. Central and South China III. North China IV. Western China Section III Distribution Model of China’s Talc Industry in 2022 Section IV Channel Structure of China’s Talc Industry in 2022 Section V Channel Formats of China’s Talc Industry in 2022 Section VI Comparative Analysis of Channel Elements in China’s Talc Industry in 2022 Chapter VI Competitive Landscape Analysis of China’s Talc Industry in 2022 Section I Economic Analysis of China’s Talc Industry I. Profitability II. Potential for Value-Added Enhancement III. Entry Barriers / Exit Mechanisms IV. Industry Life Cycle Section II Competitive Structure Analysis of China’s Talc Industry I. Competition Among Existing Firms II. Analysis of Potential Entrants III. Threat Analysis of Substitutes IV. Bargaining Power of Suppliers

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