_johnson-amp-johnson-agrees-to-366-5-billion-settlement-for-talc-related-cancer-lawsuits.jpg "Johnson & Johnson Agrees to $6.5 Billion Settlement for Talc-Related Cancer Lawsuits from pci management Video Screenshot Preview")
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✓ Published: 02-May-2024
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✓ Published: 02-May-2024
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Johnson & Johnson will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the US claiming its talc products caused ovarian cancer. The deal involves a third bankruptcy filing of J&J subsidiary LTL Management to resolve the lawsuits. A three-month voting period will start for claimants to agree on a settlement for nearly all current and future ovarian cancer claims related to talc. At the same time, separate arrangements will handle the remaining mesothelioma lawsuits. J&J has already resolved 95% of mesothelioma lawsuits filed to date.
Johnson & Johnson will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the US claiming its talc products caused ovarian cancer. The deal involves a third bankruptcy filing of J&J subsidiary LTL Management to resolve the lawsuits. A three-month voting period will start for claimants to agree on a settlement for nearly all current and future ovarian cancer claims related to talc. At the same time, separate arrangements will handle the remaining mesothelioma lawsuits. J&J has already resolved 95% of mesothelioma lawsuits filed to date.
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