Johnson & Johnson has agreed to pay $6.5 billion to settle nearly all of the thousands of lawsuits filed in the US alleging that talc-based products caused ovarian cancer. According to CNBC, those cases have caused years of trouble for J&J, which maintains that its now-discontinued baby talcum powder and other talc products are safe for consumers. The deal will allow the company to resolve the lawsuits through a third bankruptcy filing by a subsidiary, LTL Management, CNBC notes. A three-month voting period will then begin for the plaintiffs in hopes of reaching a consensus on the settlement of all current and future ovarian cancer claims. 99% of talc-related lawsuits filed against J&J and its subsidiaries stem from ovarian cancer.
Source: News Beast
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