Johnson & Johnson to Pay $5.5 Billion to Settle Talc Baby Powder Lawsuits
Johnson & Johnson announced a settlement of approximately $5.5 billion to resolve tens of thousands of lawsuits alleging its talc-based baby powder and other products caused ovarian cancer. The agreement covers around 76,000 claims from both federal court in New Jersey and state courts across the U.S., accounting for nearly all remaining litigation against the company related to this issue. The settlement requires at least 95% of claimants' acceptance before it becomes effective. Johnson & Johnson plans an initial payment of up to $3 billion by 2027, with additional payments expected no earlier than 2028. The total payout could exceed the stated amount, potentially reaching as high as $7 billion or more according to some estimates. Despite this resolution, J&J maintains that its talc products were safe and free of asbestos. The company has previously won several court cases against plaintiffs but decided to settle in order to move forward with its business operations.
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Topics: Johnson & Johnson lawsuits ovarian cancer claims talc baby powder