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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 Read More

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Johnson & Johnson Agrees To Pay $100 Million In Baby Powder Suits

Growing litigation over the fact that asbestos-contaminated talc was found in one of its products, Johnson and Johnson has to pay more than $100 million to settle more than 1,000 lawsuits. The health care products maker recalled more than 30,000 bottles of its baby powder in the US and Canada in 2019, replacing these with Read More

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