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J&J has enough support for $6.5 bln talc settlement

cafead

Administrator
Staff member
  • cafead   Aug 13, 2024 at 11:42: AM
via Johnson & Johnson may have cleared a major hurdle for its $6.5 billion settlement over lawsuits related to its baby powder and other items with talc.

The lawsuits allege that those products cause cancer. According to a report from Bloomberg on Monday, over 75% of claimants support the proposed settlement, meeting J&J's requirement for its third attempt to use bankruptcy protection to settle the lawsuits.

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