Johnson & Johnson's subsidiary, Red River Talc LLC, has filed for a voluntary prepackaged Chapter 11 bankruptcy in Texas as part of its ongoing efforts to resolve numerous talc-related lawsuits. This marks the company's third bankruptcy filing related to these claims, as J&J raises its settlement offer to over $8.2 billion. The latest bankruptcy filing aims to address both current and future ovarian cancer claims linked to their talc products. In total, J&J's commitment to settle these claims has now reached approximately $10 billion, securing a necessary step towards concluding the contentious legal disputes surrounding their baby powder.