Johnson & Johnson Subsidiary to Declare Bankruptcy, Adds $1.1B to Talc Settlement
September 4 (Reuters) – Johnson & Johnson (JNJ.N) is set to increase its settlement offer by an additional $1.1 billion to resolve ongoing legal actions involving its baby powder and other talc products, which are alleged to have caused cancer. This latest addition would bring the total settlement to over $9 billion, to be paid…