Johnson & Johnson Preparing $3.9 Billion for Talc Settlements

Pharmaceutical giant Johnson & Johnson has set apart $3.9 billion for talc-related litigation, as outlined in a regulatory filing earlier this year with the Securities and Exchange Commission in Washington D.C. The company said it’s now going through more than 25,000 lawsuits associated with numerous talc products which have allegedly caused cancers, by and large from asbestos fiber contamination. The $3.9bn is nearly double the amount that Johnson & Johnson reported being set apart for litigation charges in 2020. In 2020 a Missouri Court of Appeals upheld a lower-court ruling, but reduced the award from $4.69 billion to $2.12 [...]

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