J & J to Pay $700 Million to Settle Talc Baby Powder Investigation

Johnson & Johnson’s $700 million deal will resolve a talcum powder investigation a group of 43 State Attorneys Generals launched. J&J is accused of not warning people about potential health risks linked to its talc-based baby powder.  This latest settlement won’t resolve thousands of other lawsuits that claim the company’s talc-based products cause cancer. In total 50,000 claims have been filed against J&J, the majority of which claim the company’s talc caused ovarian cancer. J&J maintains that its products don’t cause cancer. “I view this settlement as part of J&J’s overall strategy of clearing the path for a third bankruptcy,” said Daniel Wasserberg, founding partner of the national law firm Meirowitz & Wasserberg, which represents plaintiffs J&J’s talc-based products have injured. “Johnson & Johnson is actively settling mesothelioma claims with certain law firms under confidential terms, however, they are not open to settling ovarian cancer cases at this hour.” Third Attempt at Bankruptcy Ahead J&J has unsuccessfully attempted to file for bankruptcy two times to avoid litigation. A judge denied both attempts, finding the company wasn’t in financial distress.  According to Bloomberg, J&J filed a request in December 2023 with the Texas secretary of state’s office to relocate its subsidiary LTL Management to Austin. The request also seeks to rename it before a third attempt at filing Ch...
Source: Asbestos and Mesothelioma News - Category: Environmental Health Authors: Tags: Asbestos (general) Asbestos Exposure johnson Litigation Mesothelioma Settlement Source Type: news