Johnson & Johnson $6.5 Billion Settlement Deal
Johnson & Johnson offered a $6.5 billion settlement deal to plaintiffs in a talcum powder lawsuit over alleged ovarian cancer, with 54,000 people suing. The deal needs 75% approval from claimants within 3 months to proceed.
Key Points
- Johnson & Johnson offering $6.5 billion settlement to 54,000 plaintiffs over talcum powder lawsuit.
- Deal requires 75% approval from claimants within 3 months to proceed.
- Most lawsuits are related to ovarian cancer caused by talc contaminated with asbestos.
Pros
- Offering substantial compensation to plaintiffs affected by alleged ovarian cancer.
- Potential closure for thousands of claimants after years of legal battles.
Cons
- No admission of fault from Johnson & Johnson.
- Uncertainty around the amount each plaintiff will receive.