J&J Eyes Texas as Venue for Next Round of Baby Powder Fight

Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, home to what are widely considered more business-friendly courts.

The third Chapter 11 bid — including a $6.5 billion settlement offer — will likely land somewhere in the Lone Star State after judges in New Jersey concluded that thousands of cancer lawsuits didn’t pose enough financial distress to justify bankruptcy protection. The company outlined its plans in public disclosures to ...