"Johnson & Johnson proposes $6.5bn settlement of talc cancer lawsuits," 01 May 2024

Johnson & Johnson (J&J) is moving forward with a $6.475bn proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talcum-powder products were contaminated with asbestos and caused ovarian cancer, the company said... in a statement...

The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company. To close the proposed settlement, 75% of claimants who allege they were harmed by J&J’s talcum products will need to approve the deal. They will vote over the course of three months.

If a consensus is reached, J&J would resolve all current and future ovarian cancer claims against its products...

J&J, which says that its products do not contain asbestos and do not cause cancer, said that its settlement had the support of a majority of attorneys representing plaintiffs who have filed cancer lawsuits against the company...

J&J said it would continue to defend itself against the lawsuits while trying to gather votes on the settlement...