A federal appeals court has ruled that J-and-J can’t use the bankruptcy of a specially created unit to resolve more than 40-thousand cancer lawsuits over its product.
That means the company will most likely need to defend itself against claims that tainted talc in its baby powder causes cancer. For more on the case, June Grasso speaks to Bloomberg intelligence litigation analyst Holly Froum.
Plus, French luxury designer Hermes filed a federal lawsuit against a digital artist who is selling a Meta-Birkin NFT. The image depicts the famous Birkin handbag covered in cartoonish fur instead of leather.