J&J Judge Appoints Two Mediators for Baby Powder Bankruptcy Case

A federal judge appointed two mediators for settlement talks between cancer victims and Johnson & Johnson over how much money the health-care company should contribute to a trust fund for people who say they were harmed by baby powder.

• U.S. Bankruptcy Judge Michael Kaplan will hold a hearing in the coming weeks to decide the details of how the mediation will take place
• Johnson & Johnson denies that the talc in its baby powder causes cancer
  • The company created a unit, LTL Management, to be responsible for resolving more than 38,000 talc lawsuits and then put that unit into bankruptcy ...