Johnson & Johnson to pay $4.7bn damages in talc cancer case

By Cosmetics, Brand

Johnson & Johnson to pay $4.7bn damages in talc cancer case

Johnson & Johnson has been ordered to pay $4.7bn (£3.6bn) in damages to 22 women who alleged that its talc products caused them to develop ovarian cancer.

A jury in the US state of Missouri initially awarded $550m in compensation and added $4.1bn in punitive damages.

The verdict comes as the pharmaceutical giant battles some 9,000 legal cases involving its signature baby powder.

J&J said it was “deeply disappointed” and plans to appeal.

BBC News

https://www.bbc.com/news/business-44816805

Johnson & Johnson is sliding after a jury awarded $4.69 billion to 22 women who said its talcum baby powder gave them cancer | Markets Insider

http://markets.businessinsider.com/news/stocks/johnson-and-johnson-stock-price-baby-powder-talc-cancer-award-2018-7-1027365726

Johnson & Johnson’s Official Statement in Response to Today’s Verdict in St. Louis Trial | Johnson & Johnson

https://www.jnj.com/johnson-johnsons-official-statement-in-response-to-todays-verdict-in-st-louis-trial

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