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I saw in the news this winter I believe it was two suppliers of some of the ingredients of the talc filed for bankruptcy which may leave JNJ holding the bag more so to speak.
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Realistically, I doubt that the suppliers' bankruptcy filings will change much. J&J has the deepest pockets to put at risk in a lawsuit, compared to them, I am sure. And J&J has product liability insurance coverage of some sort.

And my crystal ball suggests to me that they do have some serious exposure, from internal documents produced to date in the discovery process. Apparently it's been known for a long time that talc deposits are found in rock formations that may also include one or more kinds of asbestos. I've learned a lot reading about this in recent months, and didn't know before that the term asbestos includes six different types of silicates. Or that talc was ground up to use for face powder as far back as ancient Roman times.

Apparently J&J knew that their baby powder had some asbestos in it as far back as the 1950s or 1960s, but the direct link to cancer wasn't clearly established at the time. So we'll see.

Bill
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