Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C.
Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C. into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer. The settlement resolves charges that Johnson & Johnson misled consumers into believing its talc products, which it sold for more than a century before stopping, were safe.
Most were women with ovarian cancer, while a smaller number had mesothelioma, a type of cancer linked to asbestos. J&J stopped selling talc-based baby powder globally last year, switching to corn starch as the main ingredient. It has maintained that its products do not contain asbestos. The company has twice tried to resolve the litigation by placing into bankruptcy a subsidiary it created to contain its talc liabilities, but courts rebuffed both attempts. On May 1, J&J proposed a $6.
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