Johnson & Johnson looks to settle lawsuits
Johnson & Johnson is looking to settle tens of thousands of on-going lawsuits in North America by increasing the amount of compensation it is offering claimants from a total of $2bn to $9bn.
The healthcare company still believes claims are “specious” but is keen to conclude the legal battle.
More than 40,000 lawsuits have been made against the company, with some claimants alleging that the product contained asbestos.
Johnson & Johnson has sold talcum powder for nearly 130 years but stopped sales in the US in 2020 and, last year, the company announced plans to stop selling the product globally.