PEARSON PLC ORD 25P  PSON.L 
$1,030.00  $4.00  0.39%  
DIAGEO PLC ORD 28 101/108P  DGE.L 
$2,507.50  $11.00  0.44%  
RECKITT BENCKISER GROUP PLC ORD  RKT.L 
$4,452.00  $41.00  0.91%  
LLOYDS BANKING GROUP PLC ORD 10  LLOY.L 
$59.04  $0.62  1.04%  
MELROSE INDUSTRIES PLC ORD GBP0  MRO.L 
$550.40  $5.80  1.04%  
FRESNILLO PLC ORD USD0.50  FRES.L 
$590.00  $17.00  2.80%  
NATWEST GROUP PLC ORD 107.69P  NWG.L 
$330.70  $6.80  2.01%  
WEIR GROUP PLC ORD 12.5P  WEIR.L 
$1,869.00  $44.00  2.30%  
STANDARD CHARTERED PLC ORD USD0  STAN.L 
$706.40  $15.00  2.08%  
ENDEAVOUR MINING PLC ORD USD0.0  EDV.L 
$1,743.88  $62.12  3.44%  
OCADO GROUP PLC ORD 2P  OCDO.L 
$415.19  $4.09  0.99%  
ANGLO AMERICAN PLC ORD USD0.549  AAL.L 
$2,222.50  $0.5  0.02%  
ASHTEAD GROUP PLC ORD 10P  AHT.L 
$5,124.00  $118.00  2.25%  
SEGRO PLC ORD 10P  SGRO.L 
$891.80  $9.40  1.04%  
BAE SYSTEMS PLC ORD 2.5P  BA.L 
$1,235.13  $24.37  1.93%  
VODAFONE GROUP PLC ORD USD0.20   VOD.L 
$69.18  $1.26  1.79%  
HSBC HOLDINGS PLC ORD $0.50 (UK  HSBA.L 
$653.00  $10.00  1.51%  
GLENCORE PLC ORD USD0.01  GLEN.L 
$425.99  $7.37  1.70%  
ROLLS-ROYCE HOLDINGS PLC ORD SH  RR.L 
$433.00  $10.90  2.46%  
UNITE GROUP PLC ORD 25P  UTG.L 
$909.50  $12.50  1.36%  
ANTOFAGASTA PLC ORD 5P  ANTO.L 
$1,899.00  $47.00  2.42%  
CRODA INTERNATIONAL PLC ORD 10.  CRDA.L 
$3,994.00  $65.00  1.60%  
KINGFISHER PLC ORD 15 5/7P  KGF.L 
$272.70  $4.80  1.73%  
SPIRAX GROUP PLC ORD 26 12/13P  SPX.L 
$8,580.00  $50.00  0.58%  
TAYLOR WIMPEY PLC ORD 1P  TW.L 
$154.60  $2.01  1.28%  
WPP PLC ORD 10P  WPP.L 
$724.20  $17.20  2.32%  
RIO TINTO PLC ORD 10P  RIO.L 
$4,897.16  $40.35  0.82%  
HOWDEN JOINERY GROUP PLC ORD 10  HWDN.L 
$911.50  $36.00  3.80%  
MONDI PLC ORD EUR 0.22  MNDI.L 
$1,537.00  $17.00  1.09%  
HARGREAVES LANSDOWN PLC ORD 0.4  HL.L 
$1,091.00  $5.00  0.46%  
BARRATT DEVELOPMENTS PLC ORD 10  BDEV.L 
$503.40  $3.20  0.63%  

Johnson and Johnson Face Legal Fallout and Pay $6.48 Billion to Settle Cancer Lawsuits

by Violet Dawson
0 comment

Johnson and Johnson claim that their products do not contain asbestos and do not cause cancer.

Johnson and Johnson has faced around tens of thousands of lawsuits over its baby powder and other talc products. The J&J subsidiary proposed a $6.48 billion settlement for the lawsuits. These lawsuits alleged that their baby powder and other talc products contain asbestos and cause ovarian cancer. The company hopes to settle most of its cases through a third party bankruptcy filling of a subsidiary company. 

The claims affected the sale of Johnson and Johnson’s baby powder which prompted the company to stop selling its talc based products in 2020. In 2022, they were forced to cease the sales of the products worldwide.

The legal action brought against Johnson and Johnson claimed that its talcum powder usage for feminine hygiene purposes resulted in the development of ovarian cancer or mesothelioma, a form of cancer affecting various organs, primarily the lungs.

Johnson and Johnson claim that their products do not contain asbestos and do not cause cancer. The company’s settlement is also backed by attorneys that are representing the majority of plaintiffs who have filed the cancer lawsuits against the company. The company stands by its safety and states that none of the cases filed against the talc-related products have merit.

The company said that the reorganized plan for the subsidiary that was being announced on Wednesday was different from the one that was announced earlier. The difference being that the company gets a three month voting period in which the ovarian cancer claimants get to vote for or against the plan. Accounting for 99% of the lawsuits directed to J&J concerning talc are attributed to ovarian cancer claims. These legal actions encompass an extensive total of 54,000 cases, all centralized within a federal court proceeding located in New Jersey.

Johnson and Johnson’s worldwide vice president, Erik Haas mentioned that the new plan would succeed wherein the company’s previous efforts were faltered by gathering votes before the bankruptcy filing. He also added that the only major and important difference is that the claimants get to vote referring to the legal complications the company had to face which resulted in court dismissing the previous subsidiary bankruptcy filing before reaching the ballot stage. 

The company has announced that any outstanding personal injury lawsuits concerning mesothelioma will be dealt with separately from the existing plan. They have stated that 95% of the total mesothelioma lawsuits filed up to this point have already been settled. The State consumer Protection claims will also be settled outside of the agreement. The company has already come up with strategies for the agreement. 

To account for all its talc related settlements, Johnson & Johnson has already reserved $11 billion. This includes resolving the alleged claims, outside of the bankruptcy proceedings from the state general for the people that had asbestos-tainted talc that caused their mesothelioma.

Johnson and Johnson proposed paying $8.9 billion to resolve ovarian cancer, mesothelioma and state claims in its second subsidiary bankruptcy filings. The old filings put the talc litigation on hold from 2021 to 2023, but have resumed after the latest bankruptcy case was dismissed in July 2023 by the federal judge.  

The legal battles have led to significant payouts for plaintiffs, such as the $2.12 billion verdict for 22 women linking their ovarian cancer to asbestos in J&J talc. Recently, Johnson and Johnson was told to pay around $45 million in a mesothelioma lawsuit but succeeded in defending against an ovarian cancer case.

In the end, the company switched to cornstarch based powder and stopped selling talc based powder in reference to the increase in lawsuits and misinformation about the talc based on the product’s safety. 

You may also like

Leave a Comment

Subscribe to Our Newsletters

We are a UK-based business awards firm that specializes in recognizing and celebrating exceptional achievements across various sectors. Our team of experts is dedicated to delivering world-class services, including event management, judging, and award design. With a focus on quality and excellence, we aim to showcase the best of international businesses and inspire future success.

Contact us: [email protected]

© 2022 – The Business Pinnacle. All Right Reserved. Developed by Aapta

The Business Pinnacle