Johnson & Johnson offers up to $5.5bn to settle baby powder lawsuits
Johnson & Johnson has offered to pay as much as $5.5bn (£4.14bn) to resolve tens of thousands of lawsuits alleging that its baby powder and other talcum-based products cause ovarian cancer. Erik Haas, the firm's vice president of litigation, said on Monday that the allegations are "meritless" and that J&J was willing to settle in order to finally resolve the matter.
The proposed settlement aims to close a long-running legal battle and would cover about 69,000 cases, totaling most of the remaining talc-related claims. J&J will offer up to $3bn next year, with no additional payments due before 2028. The proposal must be accepted by legal firms representing 95% of the ovarian cancer claims in state and federal courts before it can be finalized. Lawsuits against J&J over its talc-based baby powder started as early as 2009.
Quick Summary
Johnson & Johnson (J&J) has proposed a significant settlement to address numerous lawsuits concerning its talcum-based products. This move aims to
Summary - read the full story for complete context.
Image: MyJoyOnline
Also covered by
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy
Edward Bawa says GOIL leadership transition has been smoother than expected
After a year at GOIL's helm, what surprised Edward Bawa most about the job?
11h ago•3 min read
