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The company's decision to raise its settlement offer would bring the total amount it has agreed to pay, or already paid, to resolve baby powder-related lawsuits to over $13.4B.
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter.
J&J says that its products are safe, do not contain asbestos and do not cause cancer. It stopped selling talc-based baby powder in the U.S. in 2020, switching to a cornstarch product.
A U.S. bankruptcy court judge has denied Johnson & Johnson's settlement plan related to baby powder containing talc, providing another setback in the company's efforts to resolve the matter.
NEW YORK (Reuters) -Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince ...
A bankruptcy judge on Monday rejected Johnson & Johnson's $10 billion proposal to end lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third ...
A judge rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its products caused ovarian cancer.
Television advertisements soliciting claims from people who say they got cancer from talc powder products dramatically increased in September, the same month that Johnson & Johnson said it would ...
Johnson & Johnson (JNJ) has reportedly raised its offer to settle thousands of lawsuits alleging its baby powder caused cancer to over $8.2B.