Containers of Johnson’s baby powder made by Johnson and Johnson are displayed on a shelf on July 13, 2018 in San Francisco, California.
Justin Sullivan | Getty Images
Johnson & Johnson on Tuesday said it will pay $8.9 billion over the next 25 years to settle allegations that the company’s baby powder and other talc products caused cancer.
The company announced the settlement in a securities filing.
But J&J still pushed back on the talc allegations.
“The Company continues to believe that these claims are specious and lack scientific merit,” said Erik Haas, J&J’s worldwide vice president of litigation, in a statement.
This is breaking news. Please check back for updates.
Source link: https://www.cnbc.com/2023/04/04/jj-will-pay-8point9-billion-to-settle-claims-cosmetic-talc-products-caused-cancer.html