Seeking to clear billions of dollars worth of litigation claiming that its iconic baby powder causes cancer, Johnson & Johnson has announced it is now prepared to offer a payout of $8.9 billion over 25 years to resolve all claims.
A US federal appeals court panel has unanimously dismissed an attempt by Johnson & Johnson to use a controversial procedure that could resolve claims from lawsuits claiming the healthcare group’s talc-based baby powder caused their cancer.
Johnson & Johnson is finally pulling the plug on its iconic talc-based baby powder worldwide.
