Johnson & Johnson Announces Bankruptcy Court Denial of Red River Talc LLC Plan
New Brunswick, NJ – March 31, 2025 – Johnson & Johnson (NYSE: JNJ) disclosed in a Form 8-K filing that the U.S. Bankruptcy Court for the Southern District of Texas has denied the confirmation of the prepackaged bankruptcy plan proposed by its subsidiary, Red River Talc LLC.

As a result of the court’s decision, the company announced it will reverse approximately $7 billion from previously reserved amounts that were intended for bankruptcy resolution efforts.