$JNJ J&J loses talc case in New Jersey Johnson
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Posted On: 04/09/2018 9:44:24 AM
$JNJ J&J loses talc case in New Jersey
Johnson & Johnson (NYSE:JNJ) suffers its first trial loss in a lawsuit claiming its talc-based products contain cancer-causing asbestos. A New Jersey jury on Thursday ordered J&J and another company to pay $37M in damages.
The plaintiff was New Jersey resident Stephen Lanzo who developed mesothelioma after inhaling dust that was generated through his regular use of J&J talc powder products. J&J denied all the allegations.
J&J faces talc-related lawsuits by 6,610 plaintiffs nationally. In five trials in Missouri involving ovarian cancer lawsuits, juries found J&J liable four times and awarded the plaintiffs a total of $307M. In California, a jury awarded a now-deceased woman $417M.
Shares are down 1% premarket.
Johnson & Johnson (NYSE:JNJ) suffers its first trial loss in a lawsuit claiming its talc-based products contain cancer-causing asbestos. A New Jersey jury on Thursday ordered J&J and another company to pay $37M in damages.
The plaintiff was New Jersey resident Stephen Lanzo who developed mesothelioma after inhaling dust that was generated through his regular use of J&J talc powder products. J&J denied all the allegations.
J&J faces talc-related lawsuits by 6,610 plaintiffs nationally. In five trials in Missouri involving ovarian cancer lawsuits, juries found J&J liable four times and awarded the plaintiffs a total of $307M. In California, a jury awarded a now-deceased woman $417M.
Shares are down 1% premarket.
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