Johnson & Johnson, through its subsidiary Red River Talc, has filed for bankruptcy for the third time to resolve thousands of lawsuits related to its talc products. This move comes after two previous bankruptcy attempts were rejected by courts. The new plan proposes a $6.5 billion settlement over 25 years to resolve 99.75% of the talc lawsuits, with support from 83% of claimants. This filing marks a significant development in the ongoing saga of Johnson & Johnson’s talc litigation.