Court Rules Against Johnson & Johnson In Talcum Powder Cancer Study Case
Portfolio Pulse from Vandana Singh
A New Jersey federal judge dismissed a lawsuit by Johnson & Johnson's subsidiary against Dr. Jacqueline Moline, who linked talc-based products to cancer. The court found Moline's research was not fraudulent or libelous. Johnson & Johnson faces over 61,000 lawsuits related to its talc products and is seeking support for a $6.48 billion settlement proposal.
July 02, 2024 | 1:55 pm
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A federal judge dismissed a lawsuit by Johnson & Johnson's subsidiary against Dr. Jacqueline Moline, who linked talc-based products to cancer. The court found Moline's research was not fraudulent or libelous. Johnson & Johnson faces over 61,000 lawsuits and is seeking support for a $6.48 billion settlement proposal.
The dismissal of the lawsuit against Dr. Moline weakens Johnson & Johnson's position in ongoing and future talc-related litigation. This could negatively impact investor sentiment and the stock price in the short term, especially given the large number of pending lawsuits and the mixed record in litigation.
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IMPORTANCE 90
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