Johnson & Johnson hit with $25.75 million verdict in talc-asbestos case [CNN]
Johnson & Johnson (JNJ)
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Source: CNN
Johnson & Johnson hit with $25.75 million verdict in talc-asbestos case (CNN) A California jury hit Johnson & Johnson and other companies with a $25.75 million verdict, saying the company was negligent and did not warn consumers about possible health risks from its Baby Powder. The couple who brought the suit, Joanne and Gary Anderson, claim that she developed a kind of cancer after using the company's Baby Powder. The jury returned a $21.75 million compensatory damage amount on Tuesday and, after deliberating on punitive damages, came back with an additional $4 million. In Los Angeles Superior Court, the Oregon woman said she was an avid bowler and used the powder in her shoes and on her hands for years. She also used it when her children were younger to help with diaper rash. Experts in court estimated that she used the powder more than 10,000 times. Doctors diagnosed Anderson with pleural mesothelioma, a cancer that develops in the lining of the lungs that is often linked to expos
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 4/16/24 - Form 8-K/A
- 4/16/24 - Form 8-K
- 3/27/24 - Form PX14A6G
- JNJ's page on the SEC website