JNJ - more - The proposed resolution constitutes an efficient conclusion to the talc litigation. The resolution: -Requires and is conditione
JNJ - more - The proposed resolution constitutes an efficient conclusion to the talc litigation. The resolution: -Requires and is conditioned on—among other criteria—the participation of lead plaintiff firms in all ovarian talc litigation pending in State and federal court, representing at least 95% of the remaining claims. - Calls for per claim payments, with a $5.5B commitment by the Company and the first payment of no more than $3B to be made in 2027 and no additional payments due before 2028. -Complements the progress the Company already has made to resolve the talc litigation, including previously settling about 95% of filed mesothelioma lawsuits, all State consumer Protection claims, and all talc-supplier disputes. -Brings finality to this meritless 15-year litigation. Link To Press Release
JNJ - more - The proposed resolution constitutes an efficient conclusion to the talc litigation.
The resolution: -Requires and is conditioned on—among other criteria—the participation of lead plaintiff firms in all ovarian talc litigation pending in State and federal court, representing at least 95% of the remaining claims. - Calls for per claim payments, with a $5.5B commitment by the Company and the first payment of no more than $3B to be made in 2027 and no additional payments due before 2028. -Complements the progress the Company already has made to resolve the talc litigation, including previously settling about 95% of filed mesothelioma lawsuits, all State consumer Protection claims, and all talc-supplier disputes. -Brings finality to this meritless 15-year litigation.
Link To Press Release