J&J Subsidiary Proposes Paying About USD 6.48B Over 25 years To Settle Talc Lawsuits

Johnson & Johnson's subsidiary proposes a USD 6.48 billion settlement over 25 years for talc-related ovarian cancer allegations and mesothelioma lawsuits.

AP
J&J subsidiary proposes paying about USD 6.48B to settle talc lawsuits Photo: AP
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A subsidiary of Johnson and Johnson is now proposing paying approximately USD 6.48 billion over 25 years as part of a settlement to cover allegations that its baby powder containing talc caused ovarian cancer.

The lawsuits filed against JandJ had alleged its talcum powder caused users to develop ovarian cancer, through use for feminine hygiene, or mesothelioma, a cancer that strikes the lungs and other organs.

JandJ said that the reorganization plan for the subsidiary that was being announced on Wednesday was significantly different from the previous reorganization that was announced. Those differences include a three-month solicitation period during which ovarian claimants can vote for or against the plan.

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