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
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy

Gold slips as firm dollar weighs; focus turns to Fed meeting
As gold prices react to currency shifts, all eyes are on the Federal Reserve's impending announcement-what will their decision mean for the global
4h ago•2 min read

Oil prices extend decline as US and Iran pause attacks
Amidst ongoing tensions, a pause in hostilities between the U.S. and Iran has sent ripples through the global oil market, leaving many to wonder
5h ago•3 min read

Germany supports youth-led climate entrepreneurship in Ghana with €10,000 grant
Germany's latest grant in Ghana is set to spark a wave of green entrepreneurship, but what impact will it truly have on local communities?
16h ago•3 min read

TOR engages CSOs on recovery plans as refinery pushes transformation agenda
Discover how TOR is working with CSOs to navigate its recovery and transformation, aiming to bolster Ghana's energy security.
17h ago•2 min read





