💼 Business 1d ago · Associated Press

Johnson & Johnson offers $5.5 billion to settle remaining lawsuits over talc products linked to cancer

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Johnson & Johnson offers $5.5 billion to settle remaining lawsuits over talc products linked to cancer
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Johnson & Johnson has agreed to pay $5.5 billion to tie up remaining lawsuits that claim its talc products caused ovarian cancer.



The drugmaker, which has been fighting talc-related lawsuits for more than a decade, said that the settlement is conditioned on at least 95% of remaining claimants participating.



A U.S. bankruptcy court judge denied a $9 billion settlement proposed by company subsidiary Red River Talc last year that would have been one of the biggest mass tort settlements in his

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