Johnson & Johnson Settles Talc Safety Claims for $700 Million
Johnson & Johnson has agreed to pay seven hundred million dollars to settle allegations over the safety of its talcum-based products. The settlement involves 42 states and the District of Columbia, with New York receiving forty-four million dollars. Despite the settlement, Johnson & Johnson did not admit wrongdoing and continues to explore other resolutions.
Johnson & Johnson has agreed to pay $700 million to settle allegations from 42 states and the District of Columbia, claiming the company misled customers about the safety of its talcum-based products, which allegedly contained asbestos and caused ovarian cancer.
The company withdrew the product from the North American market in 2020 and has faced thousands of lawsuits.
New York Attorney General Letitia James announced the settlement, highlighting that New York will receive $44 million paid in four installments over three years.
Despite the settlement, Johnson & Johnson did not admit wrongdoing.
The company is also exploring other resolutions, including a proposed $8.9 billion agreement to settle all talc-related claims, though a bankruptcy judge previously rejected a similar arrangement.
The company withdrew the product from the North American market in 2020 and has faced thousands of lawsuits.
New York Attorney General Letitia James announced the settlement, highlighting that New York will receive $44 million paid in four installments over three years.
Despite the settlement, Johnson & Johnson did not admit wrongdoing.
The company is also exploring other resolutions, including a proposed $8.9 billion agreement to settle all talc-related claims, though a bankruptcy judge previously rejected a similar arrangement.