talc

J&J ordered to pay record $1.5B in talc cancer lawsuit — while vowing to appeal ‘unconstitutional’ ruling

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J&J ordered to pay record .5B in talc cancer lawsuit — while vowing to appeal ‘unconstitutional’ ruling

A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Jurors in the Circuit Court for Baltimore City, Md., on Monday found the company, two of its subsidiaries and spinoff Kenvue liable … Read more

J&J shares jump as it proposes $9B talc lawsuit settlement

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J&J shares jump as it proposes B talc lawsuit settlement

Johnson & Johnson’s shares rose nearly 4% to hit a near two-month high of $164.48 on Wednesday as the company’s $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Some analysts were positive about the new settlement that is far bigger than the original … Read more