JNJ - PR: Johnson & Johnson Announces a Proposed Resolution of Ovarian Talc Litigation -Follows Favorable Multi-District Litigation Court Ca
JNJ - PR: Johnson & Johnson Announces a Proposed Resolution of Ovarian Talc Litigation -Follows Favorable Multi-District Litigation Court Causation Ruling and the Company’s Successful Strategy to Defend Each Case -Efficient Conclusion to the Talc Litigation that Eliminates Expense Associated with Litigating Remaining Roughly 76,000 Ovarian Talc Claims
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Commits $5.5B To Resolve Ovarian Talc Litigation - Proposed Resolution Eliminates Litigation Covering 76,000 Ovarian Talc Claims - First Payment Of Up To $3B To Be Made In 2027, With No Additional Payments Due Before 2028 - Says Proposed Resolution Represents An Efficient Conclusion To The Talc Litigation - Reiterates Studies Show Talc Is Safe, Does Not Contain Asbestos And Does Not Cause Cancer