J&J Talc Baby Powder Cancer Settlement Update
The Lyon Firm is reviewing the Johnson & Johnson talc settlement proposal for existing and new clients. Contact the Joe Lyon for a free talc cancer lawsuit consultation.
After years of negotiations, Johnson & Johnson has said it has agreed to pay $8.9 billion to resolve the existing talcum powder cancer lawsuits. The company has long attempted to contain the liability within a bankruptcy filing, which has been hotly contested.
The announced settlement will work to resolve complaints from around 60,000 claimants and set up a trust fund for future talc cancer claims. Johnson & Johnson allegedly agreed to pay $6.5 billion to resolve current and future ovarian cases, provide $2 billion for current and future mesothelioma cases and hand over $400 million to states in consumer protection violations.
J&J has succumbed to the legal pressure and taken its talc-based baby powder of the shelf in major markets. The company filed a new Chapter 11 case to provide a basis for the trust.
Juries ruled against the company in several talcum powder cancer lawsuits over the years, paving the way for the large settlement. Women and men blamed baby powder for causing ovarian cancer and mesothelioma, a cancer linked to asbestos exposure. Victims alleged internal company documents from the 1970s show managers were aware of asbestos found in talc bottled for baby powder.
Contact the Lyon Firm for more information regarding the talc cancer settlement and how it may affect your individual case.