J&J's cancer lawsuits: $8.9 Billion settlement sends shockwaves

Johnson & Johnson set-asides nearly USD 9 billion for talcum powder cancer allegations.

$8.9 billion to be transferred to the subsidiary, payable over 25 years, up from $2 billion previously set aside.

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J&J subsidiary to re-file for Chapter 11 bankruptcy protection for one of the largest product-liability settlements in U.S. history.

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More than 60,000 parties filed lawsuits alleging harm from J&J talcum powder

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Lawsuits alleged talcum powder caused ovarian cancer

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Product discontinued in 2020

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Lawyers for Petitioners call the proposed settlement a "significant victory" in a decade-long legal fight.

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J&J says settlement plan is not an admission of wrongdoing and resolves the matter more efficiently.

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Some lawyers still oppose the settlement, citing inadequate compensation for victims.

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Settlement would resolve all current and future claims involving J&J talc products.

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Settlement plan to provide compensation to claimants in a timely manner and allow J&J to focus on its commitment to health.

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Johnson & Johnson set-asides nearly USD 9 billion for talcum powder cancer allegations.

published by:thebyperbusiness.com

published by:thebyperbusiness.com

$8.9 billion to be transferred to the subsidiary, payable over 25 years, up from $2 billion previously set aside.

$8.9 billion to be transferred to the subsidiary, payable over 25 years, up from $2 billion previously set aside.

J&J subsidiary to re-file for Chapter 11 bankruptcy protection for one of the largest product-liability settlements in U.S. history.

J&J subsidiary to re-file for Chapter 11 bankruptcy protection for one of the largest product-liability settlements in U.S. history.

More than 60,000 parties filed lawsuits alleging harm from J&J talcum powder

More than 60,000 parties filed lawsuits alleging harm from J&J talcum powder

Lawsuits alleged talcum powder caused ovarian cancer

Lawsuits alleged talcum powder caused ovarian cancer

Product discontinued in 2020

Product discontinued in 2020

Lawyers for Petitioners call the proposed settlement a "significant victory" in a decade-long legal fight.

Lawyers for Petitioners call the proposed settlement a "significant victory" in a decade-long legal fight.

J&J says settlement plan is not an admission of wrongdoing and resolves the matter more efficiently.

J&J says settlement plan is not an admission of wrongdoing and resolves the matter more efficiently.

Some lawyers still oppose the settlement, citing inadequate compensation for victims.

Some lawyers still oppose the settlement, citing inadequate compensation for victims.

Settlement would resolve all current and future claims involving J&J talc products.

Settlement would resolve all current and future claims involving J&J talc products.

Settlement plan to provide compensation to claimants in a timely manner and allow J&J to focus on its commitment to health.

Settlement plan to provide compensation to claimants in a timely manner and allow J&J to focus on its commitment to health.