Johnson and Johnson Offers to Pay $6.5 Billion to Settle Talcum Powder Cancer Lawsuits [Yahoo! Finance]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: Yahoo! Finance
Johnson & Johnson has offered to pay $6.475 billion in response to thousands of lawsuits that have alleged the brand's baby powder and talc products contained asbestos, which allegedly caused ovarian cancer. The company announced this settlement in a statement on Wednesday, May 1 , noting its intent to pay over the next 25 years. This would "resolve 99.75% of all pending talc lawsuits" related to ovarian cancer claims against the company. Additionally, this would also settle current and future ovarian cancer claims. J&J stated that the attorneys “representing the overwhelming majority of current ovarian claimants” support the current proposal. getty The deal is still dependent on the lawsuits' petitioners' approval. There will be a three-month voting period, and for the deal to be approved, 75% of the group must vote in support. If the 75% threshold is reached, future lawsuits would be prevented, and consumers would not be allowed to pursue separately. Related: Johnson &
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News
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- Johnson & Johnson (JNJ) Up 5.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Johnson & Johnson (NYSE: JNJ) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $175.00 price target on the stock.MarketBeat
JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 5/16/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/14/24 - Form FWP
- JNJ's page on the SEC website