Johnson & Johnson will pay $700 million in the baby powder case – Kommersant
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The American corporation Johnson & Johnson (J&J) will pay a total of $700 million in claims from 42 US states. The claims are related to the scandalous recall of J&J baby powder, which, according to the plaintiffs, contained traces of asbestos, which could cause cancer. The company itself refused to admit the presence of a carcinogen in its product, but in 2020 stopped to sell powder in the US and Canada due to numerous lawsuits.
About the company’s intention to pay $700 million to settle claims in an interview The Wall Street Journal J&J Chief Financial Officer Joseph Walk said. According to him, the agreement will be an “important step” for the company and will allow it to “put this matter behind us.” However, this agreement applies only to claims by state authorities and does not affect individual claims, of which there are about 52 thousand. In 2023, it became knownthat J&J has allocated $8.9 billion to settle claims.
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