NEW YORK - Johnson & Johnson said on Tuesday that it had agreed to pay US$8.9 billion to tens of thousands of people who claimed thea proposal that lawyers for the plaintiffs called a “significant victory” in a legal fight that has lasted more than a decade.
In a statement, a group of lawyers who represent nearly 70,000 plaintiffs described the deal as a “landmark” and a “significant victory for the tens of thousands of women suffering from gynaecological cancers caused by J&J’s talc-based products”. LTL’s first bankruptcy filing had set aside US$2 billion for payouts to plaintiffs, many of whom claimed that the talc used in J&J’s baby powder was contaminated with asbestos and caused illnesses such as ovarian cancer and mesothelioma.The company said the settlement plan was not an admission of wrongdoing.
J&J’s executives knew for decades about the risk of asbestos exposure linked to its talc products, including it famous baby powder.
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