U.S. judge halts Johnson & Johnson talc litigation for 60 days

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FILE PHOTO: A bottle of Johnson & Johnson baby powder is seen in a photo taken in New York on February 24, 2016. Businesshala/Mike Seger/Illustration
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CHARLOTTE, NC (Businesshala) – A US bankruptcy judge on Wednesday imposed a 60-day moratorium on thousands of legal claims against Johnson & Johnson alleging that its talc-based products cause cancer.

US Bankruptcy Judge Craig Whitley ordered a stay at a hearing in Charlotte, North Carolina.

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They also decided to move the talc cases to a federal court in New Jersey, where Jammu and Kashmir is located and where its talc products are under nationwide litigation.

Whitley made the ruling in response to a request from LTL Management LLC, a J&J entity created by the parent company to keep its talaq liabilities, to stop talaq cases following a Chapter 11 reorganization. The parents did not file for bankruptcy.

Shares of J&J were up nearly 1% after the verdict.

The New Brunswick, New Jersey-based company has said its talc products are safe.

Reporting by Maria Chukchian; Editing by Alexia Garamfalvi, Will Dunham and Nick Ziminsky

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