Johnson & Johnson (JNJ) is trying to resolve tens of thousands of claims from plaintiffs who say the talc in its iconic baby powder once contained asbestos that caused ovarian and tissue cancers.So far J&J's stock has held steady during the nearly two-year-long legal battle. That resilience is about to be put to the test.A US bankruptcy court is expected to rule by Aug. 2 for the second time on whether the healthcare conglomerate can use a controversial bankruptcy strategy to dispose of roughly 100,000 claims.The company is now offering a settlement of $8.9 billion, more than four times its offer in 2021, as it continues to negotiate with claimants and their lawyers.Some claimants don’t want the settlement and accuse the company of "manufacturing" financial distress to protect its assets.The company claims most support it. In fact, J&J global head of litigation Erik Haas told analysts on July 20 that 60,000 claimants were in favor while 40,000 were opposed.Johnson & Johnson's baby powder on a supermarket shelf in 2017. (FREDERIC J. BROWN/AFP/Getty Images)"The numbers right now show that the vast majority of claimants support the proposed plan," Haas said.The numbers cited last week by J&J were below the 75% of claimants that, by law, must approve the proposal for a bankruptcy court to grant it

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Overstock.com (OSTK) paid $21.5 million so it could use the brand of Bed Bath & Beyond, which filed for bankruptcy in April. It liked the name so much it decided to stop using its own online.The e-commerce retailer on Wednesday announced plans to scrap doing business online under its eponymous domain name and instead operate under Bedbathandbeyond.com.The news came after its offer to buy Bed Bath & Beyond’s (BBBYQ) intellectual property assets was approved by a federal bankruptcy court. That deal does not include Bed Bath's physical stores, which are closing."This acquisition is a significant and transformative step for us," said Overstock CEO Jonathan Johnson in a release.“Combining the strengths of the Overstock operational model and the Bed Bath & Beyond brand will create a powerful synergy,” Johnson added. “I’m excited for consumers to experience the new Bed Bath and an even bigger and better Beyond.”Overstock.com CEO Jonathan Johnson, center, speaking to reporters in 2018. (Photo by Alex Wong/Getty Images)Bed Bath filed for Chapter 11 protection in US bankruptcy court in New Jersey in April, positioning the company for both a wind down and the possibility of staying in business.Bed Bath’s stock, which now trades as a penny stock, rose 60% in June. In premarket hours shares were trading at $0.34.Overstock's stock surged Thursday, climbing more than 13% as of 11 a.m