The New Jersey-based company said the proposed settlement, which needs the approval of a bankruptcy court,"will equitably and efficiently resolve all claims arising from cosmetic talc litigation".
The firm has never admitted wrongdoing but stopped selling the talc-based baby powder in the United States and Canada in May 2020. J&J said the US$8.9 billion would be paid to the tens of thousands of claimants over 25 years through a J&J subsidiary, LTL Management, which was set up to address the claims and has filed for bankruptcy protection.
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