Illinois Jury Awards $45 Million in Mesothelioma Case Against Johnson & Johnson, Kenvue, Inc. [Yahoo! Finance]
Johnson & Johnson (JNJ)
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Source: Yahoo! Finance
County in Chicago found Johnson & Johnson (NYSE:JNJ) and two subsidiaries liable in the asbestos-related death of a mother and grandmother, and awarded her family $45 million in damages. The jury concluded that Theresa Garcia's lifelong use of talc-based Johnson's Baby Powder and other products was the cause of her mesothelioma, an always-fatal cancer of the lining of the lungs caused by exposure to asbestos. Laboratory testing has shown the presence of asbestos in some samples of Johnson's Baby Powder. The trial follows two Johnson & Johnson bankruptcy filings that stayed litigation in this and thousands of other cases involving asbestos and talc. "After years of delay caused by Johnson & Johnson's bad faith abuse of the bankruptcy system, we are so grateful that the jury saw through Johnson & Johnson's, Johnson & Johnson Holdco, Inc.'s and Kenvue, Inc.'s deceptions. The defendants knew that talc contains asbestos impurities that were mined and put in the bottles of baby powder
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JNJ
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- 4/16/24 - Beat
JNJ
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form 4
- JNJ's page on the SEC website