J&J’s Bankruptcy Effort Fails High Court Test, Holdouts Say (1)

Johnson & Johnson’s third effort to end lawsuits claiming its baby powder caused thousands of women to get cancer should be dismissed because it violates US Supreme Court precedent and twists the purpose of the American bankruptcy system, holdout creditors said in court papers.

The health-care giant can’t force women with ovarian cancer to join a proposed, $8 billion settlement under a ruling earlier this year by the top US court, lawyers who have long fought J&J argued. In June, justices voted 5-4 to reject the attempt by drugmaker Purdue Pharma to impose a $6 billion deal on holdouts ...