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Talc-Based Powder

Reuters | Equities.com |

Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer on asbestos exposure from using the company’s baby powder.

Justice Gerald Lebovits of the state supreme court in Manhattan reduced the payout from the $325 million a jury awarded Donna Olson, 67, and Robert Olson, 65, in May 2019 following a 14-week trial.

While upholding the jury’s liability finding, Lebovits wrote on Nov. 11 that the damages were too high, and the Olsons could either accept $120 million or have a new trial on damages.


Reuters | Equities.com |

(Reuters) - Missouri's highest court on Tuesday refused to consider Johnson & Johnson's appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products.

The Missouri Supreme Court let stand a June 23 decision by a state appeals court, which upheld a jury’s July 2018 finding of liability but reduced J&J’s payout from $4.69 billion after dismissing claims by some of the 22 plaintiffs.

Johnson & Johnson said it plans to appeal to the U.S. Supreme Court.


Equities Staff | Equities.com |

Johnson & Johnson has agreed to pay more than $100 million to resolve over 1,000 lawsuits that have claimed that the company's talc-based baby powder caused cancer, according to a report by Bloomberg News, citing people with knowledge of the settlements.

While there are still nearly 20,000 lawsuits pending around J&J's iconic baby powder, these agreements represent the first time that the company has settled the bulk of cases brought by an attorney — or in this instance, by three different law firms.