Editor
The company filed for Chapter 11 in Delaware on Monday as it seeks to address 386 individual talc-related cases, according to its petition.
The firm has already incurred in $225 million of costs defending personal injury lawsuits and settlement payments and doesn’t have “sufficient liquidity to litigate and/or settle” the cases, its Chief Restructuring Officer Philip Gund said in court filings. The company expects the number of lawsuits…
