Jim Cramer Has a Weird Problem With Johnson & Johnson

Johnson & Johnson (JNJ) - Get Free Report has been facing tens of thousands of lawsuits for several years now, alleging that the company's baby powder and other talc products sometimes contained asbestos and have caused a variety of cancers in the company's customers. The company recently proposed a nearly $9 billion settlement plan that would involve a bankruptcy filing and prevent new lawsuits from being filed against it.

On July 28 a judge struck down the proposal, opening up the floodgates for more lawsuits to continue to roll in. And Jim Cramer, host of CNBC's "Mad Money" subsequently decided that, though he loves the company, it's time to sell.

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