Johnson & Johnson was subpoenaed by the DOJ and the SEC over baby powder safety (JNJ)
Johnson & Johnson was subpoenaed by the Department of Justice and Securities and Exchange Commission to produce documents relating to the safety of the company’s baby powder and other products containing talc.
The inquiries were disclosed in a filing with the SEC on Wednesday.
Johnson & Johnson was cooperating with the inquiries and would produce documents in response, the filing said.
The inquiries were related to December press reports about product-liability lawsuits against the company,
a Johnson & Johnson spokesperson told The Wall Street Journal, which also reported the company would “continue to defend itself in the product-liability litigation.”
Johnson & Johnson shares were down 2.1% early Thursday.
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