Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.

[Pelican Press 0]

Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian ******* lawsuits in U.S.

Johnson & Johnson baby powder is displayed in San Anselmo, California, on April 5, 2023.

Justin Sullivan | Getty Images

Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian *******.

The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management. 

It will begin a three-month voting ******* for claimants, in hopes of reaching a consensus on a settlement of all current and future ovarian ******* claims. About 99% of the talc-related lawsuits filed against J&J and its subsidiaries stem from ovarian *******. 

J&J said the remaining pending lawsuits relate to a rare ******* called mesothelioma and will be addressed outside of the new settlement plan. 

The pharmaceutical giant said it has already resolved 95% of mesothelioma lawsuits filed to date.

This story is developing. Please check back for updates.

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