Johnson & Johnson To Pay $700M To Settle Multi-State Talc Investigation
Portfolio Pulse from Benzinga Neuro
Johnson & Johnson (NYSE:JNJ) has agreed to pay $700 million to settle a multi-state investigation into its talc-based products, which were alleged to cause cancer. The settlement involves 42 U.S. states and Washington, D.C. Despite the settlement, J&J has not admitted to any wrongdoing and still faces numerous lawsuits related to its talc products.
June 12, 2024 | 11:53 am
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Johnson & Johnson will pay $700 million to settle a multi-state investigation into its talc-based products. The settlement does not include an admission of wrongdoing, but the company still faces numerous lawsuits related to its talc products.
The $700 million settlement is a significant financial outlay and could negatively impact investor sentiment. Additionally, the ongoing lawsuits add to the legal and financial uncertainties surrounding the company.
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