Johnson & Johnson proposes $8.9b settlement of talc cancer claims ...Middle East

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Johnson & Johnson proposes $8.9b settlement of talc cancer claims
source : Daily Sun ( Middle East ) () 40
NEW YORK: US pharmaceutical giant Johnson & Johnson on Tuesday proposed an $8.9 billion settlement to resolve years-old lawsuits claiming that its talcum powder products caused cancer.The New Jersey-based company said the proposed settlement, which still needs the approval of a bankruptcy court, “will equitably and efficiently resolve all claims arising from cosmetic talc litigation.”If approved by the court and a majority of the plaintiffs, the $8.9 billion payout would be one of the largest product liability settlements ever in the United States, ranking alongside those entered into by tobacco companies and, more recently, opioid manufacturers.J&J has been facing thousands of lawsuits over

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