Johnson & Johnson is proceeding with a $6.5 billion settlement in the baby powder lawsuit

by B2B Desk 2024-05-02 06:57:23

Johnson & Johnson confirmed on Wednesday that it will proceed with a planned 6.48 billion USD agreement to resolve numerous lawsuits claiming that its talc products, including baby powder, contain asbestos and lead to ovarian cancer.

The deal will allow it to resolve the lawsuits by filing for a third bankruptcy for a subsidiary.

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A three-month voting period will begin with the hope of reaching consensus on the settlement of all current and future claims related to ovarian cancer. These claims represent 99% of the lawsuits filed against Johnson & Johnson, including approximately 54,000 lawsuits centered around federal court proceedings in New Jersey.

Johnson & Johnson expressed assurance that the agreement will receive enough support to meet the 75% threshold required for a bankruptcy settlement, effectively putting an end to all litigation and preventing any future lawsuits.

FAQs

Q. What is the status of the Johnson and Johnson baby powder lawsuit?

A. The verdict was announced on April 22, 2024. News outlets reported in March 2024 that the company plans to pay 75 million USD to settle a Mississippi consumer protection lawsuit that claims J&J hid the dangers of its talc-based baby powder for nearly 50 years.

Q. How much did the Johnson and Johnson lawsuit payout?

A. NEW YORK, May 1(Reuters) - Johnson & Johnson (JNJ. N) , opens new tab said on Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer.

Q. Is Johnson and Johnson baby powder safe?

A. The answer to all of these questions is, “It depends on where you live.” In some countries, Johnson & Johnson Baby Powder is safe since it no longer includes talc as an ingredient.