Breaking: Johnson & Johnson has proposed to pay $9 billion to settle thousands of talc lawsuits, in what would be one of the biggest product-liability settlements ever
Johnson & Johnson said it has proposed to pay at least $8.
9 billion to thousands of people who sued the company alleging that their use of J&J’s talc-containing powders caused cancer, in what would be one of the biggest product-liability settlements ever.to seek approval of a plan to pay $8.9 billion over 25 years. J&J said more than 60,000 claimants have committed to support the proposed resolution, which requires approval in bankruptcy court.
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