Johnson & Johnson offers $9bn to settle talc claims
Johnson & Johnson has proposed to pay almost $9bn to resolve tens of thousands of lawsuits it faces in North America that claim its baby powder and other talc-based products cause cancer. The healthcare giant said it still believed the claims were “specious” but was hoping the new settlement offer would help conclude its legal battle. The figure marks a big boost over the $2bn it had proposed previously. The new offer has significant support from people tied to the case, it said. The company is facing more than 40,000 lawsuits from former customers who say using its talc-based baby powder caused cancer, including some who allege the product contained cancer-causing asbestos. It stopped US sales of its talc-based baby powder in 2020, citing “misinformation” that had sapped demand for the product, applied to prevent nappy rash and for other cosmetic uses, including dry shampoo. Last year, it announced plans to end sales globally. Before that decision, the company had sold the baby powder for almost 130 years. It continues to sell a version of the product that contains cornstarch.(BBC)…[+]