Johnson & Johnson to Settle States' Talc Probe for $700 Million, Bloomberg Reports
09 January 2024 - 3:09AM
Dow Jones News
By Dean Seal
--Johnson & Johnson has reached a tentative $700 million
agreement with more than 40 states to settle an investigation into
claims that it failed to warn of possible health risks in the
marketing for its talc-based baby powder, Bloomberg reports, citing
unnamed sources.
--The deal would avert potential litigation claiming the
healthcare-product company hid links between the talc in its powder
and various cancers, the unnamed sources told Bloomberg.
--J&J and representatives for state attorneys general are
still working out the details of the resolution but have agreed on
the settlement amount, according to the report.
--The company, which has already been sued by Mississippi and
New Mexico, said in October that 42 states and the District of
Columbia had launched a joint investigation into the marketing of
its talcum powder products, according to Bloomberg.
Full story:
https://www.bloomberg.com/news/articles/2024-01-08/j-j-to-pay-700-million-to-settle-states-talc-marketing-probe?srnd
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 08, 2024 10:54 ET (15:54 GMT)
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