Johnson & Johnson said Tuesday it's offering up to $8.9 billion to resolve lawsuits accusing the company of selling baby powder that caused cancer — an allegation that J&J has repeatedly denied.
Johnson & Johnson said Tuesday it's offering up to $8.9 billion to resolve lawsuits accusing the company ofJ&J faces tens of thousands of lawsuits from people and their survivors related to the company's talc-based powder.the offer Tuesday in connection with its decision to re-file its subsidiary LTL Management in Chapter 11 bankruptcy.
The company, which originally offered $2 billion, said it "has secured commitments from over 60,000 current claimants" to support the deal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johnson & Johnson to pay $8.9 billion to settle claims baby powder, other talc products caused cancerJohnson & Johnson agrees to pay $8.9 billion to settle claims alleging their talc products caused cancer, which they continue to deny.
Read more »
Exclusive: Johnson & Johnson considers refiling talc-liability bankruptcy after appeals-court defeatJ&J is exploring placing a subsidiary shouldering tens of thousands of talc lawsuits into bankruptcy proceedings for a second time, despite a court decision invalidating the legal maneuver.
Read more »
Johnson & Johnson Proposes Paying $9 Billion to Settle Talc LawsuitsBreaking: Johnson & Johnson has proposed to pay $9 billion to settle thousands of talc lawsuits, in what would be one of the biggest product-liability settlements ever
Read more »
Johnson & Johnson stock up 3% as company sets aside $8.9 billion to settle talc claimsJohnson & Johnson stock rose nearly 3% in the extended session Tuesday after the company said it was setting aside $8.9 billion to settle claims connected...
Read more »
Johnson & Johnson sets aside $8.9 billion to settle talc claims; stock up 3%Johnson & Johnson stock rises more than 3% in the extended session Tuesday after the company proposes to pay up to $8.9 billion to settle claims connected...
Read more »
Johnson & Johnson offers $9bn to settle talc claimsThe new settlement offer is a significant boost over the $2bn the firm had previously proposed.
Read more »