Johnson & Johnson talc settlement: Company willing to pay $8.9B for baby powder cancer lawsuits

The company agreed to pay nearly $9 billion to settle lawsuits accusing its talc baby powder of causing cancer.& Johnson is trying once again to use the bankruptcy courts to settle tens of thousands of cases that claim its talc products cause cancer. The pharmaceutical company is now willing to pay $8.

& Johnson's worldwide vice president of litigation, in a statement. "However, as the bankruptcy court recognized, resolving these cases in the tort system would take decades and impose significant costs on LTL and the system."

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Johnson & Johnson stock up 3% as company sets aside $8.9 billion to settle talc claimsJohnson & Johnson stock rose nearly 3% in the extended session Tuesday after the company said it was setting aside $8.9 billion to settle claims connected...
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Johnson & Johnson shares rise after company proposes baby powder cancer settlementWall Street analysts were encouraged by J&J's proposal to pay $8.9 billion to settle claims that its baby powder and other talc products caused cancer.
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