Johnson & Johnson bagged $ 3.9 billion to cover the cost of thousands of legal disputes he faces over allegations that his baby powder was contaminated with asbestos.
The drug company admitted announced its 2020 litigation costs in a regulatory filing filed Monday, and said the money was « primarily related to talc reserves and certain settlements. »
Approximately 25,000 plaintiffs have filed lawsuits against Johnson & Johnson over its talc-based baby powder. Many of them claim they had cancer after using the product.
The New Jersey-based company has raised concerns about the safety of baby powder since a Reuters investigation in 2018. It has known for decades that asbestos – a toxic substance that can cause cancer if inhaled – was added to talc.
A Missouri court ordered the company last year to have 22 women with their ovarian cancer in its products Linked to paying $ 2.1 billion in damages in a case J&J is appealing to the US Supreme Court.
« The company continues to believe that there are strong legal reasons on appeal against that ruling, as well as other rulings it appealed, « J&J said on the file filed Monday.
A New York court in November awarded a woman $ 120 million Brooklyn, who was diagnosed with cancer that she attributed to exposure to asbestos from using J&J’s baby powder.
The company announced last May that it was selling its legendary ren Johnson’s talc-based baby powder in the US and Canada. J&J attributed the decision to changes in consumer habits as well as « misinformation about the safety of the product and a constant barrage of litigation ».
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