J&J to pay $5.5B over talcum lawsuits
Johnson & Johnson announced that it will pay $5.5 billion to settle approximately 69,000 lawsuits accusing its baby powder and talc products of causing ovarian cancer. This came as part of a historic agreement aimed at ending years of lawsuits against the company, which account for 99.75% of related claims. A company spokesperson confirmed that the allegations are unfounded and that the company would have typically prevailed in court, but chose to settle in order to focus on developing pharmaceuticals and medical devices. The company stopped selling talc-based baby powder in the United States in 2020 and replaced it with a corn starch-based product.
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