J&J said that its settlement has the support of a majority of attorneys representing plaintiffs who have filed cancer lawsuits against the company. Photograph: Justin Sullivan/Getty Images)Johnson & Johnson is moving forward with a $6.475 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer, the company said in a statement.
J&J, which says that its products do not contain asbestos and do not cause cancer, said that its settlement has the support of a majority of attorneys representing plaintiffs who have filed cancer lawsuits against the company.
In its second bankruptcy filing, LTL put forward an $8.9 billion deal that would also have addressed the mesothelioma cancer lawsuits and states' consumer protection actions, in addition to the ovarian cancer claims addressed by the current deal.
Source: News Formal (newsformal.com)
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