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Filing Shows Johnson & Johnson Sets Aside Almost $4 Billion for Talc Verdict

According to Reuters news service, drugmaker Johnson & Johnson set aside $3.9 billion in litigation expenses in 2020, which it said was “primarily associated with talc-related reserves and certain settlements”.

The company faces 25,000 lawsuits by former users of its baby powder who say asbestos-laced talc in the product caused their cancers, it said in a recent securities filing. Johnson & Johnson has faced intense scrutiny over the safety of its baby powder following a 2018 Reuters report here that found it knew for decades about asbestos in the talc.

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Contact the Ovarian Cancer Lawyers at Nass Cancelliere Today

If you or a loved one has been diagnosed with ovarian cancer as a result of exposure to asbestos contaminated talc, contact the experienced attorneys at Nass Cancelliere. For more than 35 years, the Philadelphia-based law firm of NASS CANCELLIERE has represented 4,000 people who have contracted MESOTHELIOMA and other forms of asbestos-related illness. Our attorneys have tried over 1,000 cases throughout Pennsylvania and New Jersey and we have collected over $500 million for our clients. Learn more by calling 215-546-8200 to speak with an attorney.

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