Johnson & Johnson announces $5.5 billion settlement of baby powder lawsuits
REUTERS.COM
'ovarian cancer'
SUMMARY

Johnson & Johnson said Monday it will pay $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, a landmark settlement aimed at closing years of contentious litigation.

The deal covers roughly 69,000 cases consolidated in federal court in New Jersey along with related state cases, accounting for 99.75% of the remaining talc claims. Plaintiffs' law firms confirmed the agreement, calling it a good resolution after a decade-long fight. The judge overseeing the federal litigation must still approve it.

J&J continues to deny wrongdoing.

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