Johnson & Johnson has reached a tentative settleme
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Posted On: 01/24/2024 5:21:43 AM
Johnson & Johnson has reached a tentative settlement to resolve investigations by more than 40 states into whether the company misled patients about the safety of its talc baby powder and other talc-based products.
The settlement does not resolve the tens of thousands of lawsuits, some of which are slated to go to trial this year, alleging that those talc-based products caused cancer.
J&J CFO Joseph Wolk told The Wall Street Journal that the company will pay $700 million to settle states’ claims.
The settlement does not resolve the tens of thousands of lawsuits, some of which are slated to go to trial this year, alleging that those talc-based products caused cancer.
J&J CFO Joseph Wolk told The Wall Street Journal that the company will pay $700 million to settle states’ claims.
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