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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.
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.
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.
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 ...
Johnson & Johnson is preparing to unveil widespread support in coming days for a $6.48 billion offer to settle tens of thousands of legal actions alleging its Baby Powder and other talc products ...
A judge rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its products caused ovarian cancer.
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 ...
Johnson & Johnson secures over 75% support for a $6.5 billion settlement plan to resolve thousands of lawsuits over claims that its talc-based baby powder caused cancer. The company faces ongoing ...