Johnson & Johnson Faces New Lawsuit(s) Related To Its Talc Products
Portfolio Pulse from Vandana Singh
Johnson & Johnson (NYSE:JNJ) is facing a new proposed class action lawsuit related to its talc products, seeking damages and medical monitoring for women who may develop cancer. This follows a recent $700 million settlement for a multi-state investigation into its talc products. The lawsuit, filed in New Jersey federal court, is the first to seek medical monitoring for talc users. The law firms behind the case oppose J&J's $6.48 billion bankruptcy settlement proposal for talc claims. J&J maintains its talc is safe and asbestos-free.
June 20, 2024 | 5:53 pm
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Johnson & Johnson is facing a new class action lawsuit seeking damages and medical monitoring for women who may develop cancer from using its talc products. This follows a $700 million settlement for a multi-state investigation. The lawsuit could impact J&J's stock price due to potential legal liabilities and public perception.
The new lawsuit adds to the legal challenges J&J is facing regarding its talc products. The potential for significant financial liabilities and negative public perception could negatively impact the stock price in the short term.
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