Johnson & Johnson News

McKinsey to Pay $573 Million to Settle Claims Over Opioid Crisis Role — Source

Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a …

Johnson & Johnson Fails To Overturn $2B Baby Powder Verdict, Plans Supreme Court Appeal

Missouri’s highest court on Tuesday refused to consider Johnson & Johnson’s appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products. The Missouri Supreme Court let …

J&J Sued for Misleading Auris Investors Over 2019 Buyout

Johnson & Johnson was accused in a lawsuit of falsely promising billions of dollars in future payments to Auris Health Inc. investors last year when J&J agreed to spend as much as $5.7 billion to acquire the company. Fortis Advisors …

J&J to Contribute Up to $5 Billion to Potential U.S. Opioid Settlement

Johnson & Johnson on Tuesday said it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing the total amount it would pay to $5 billion. …

J&J Stung by New Jersey Court Ruling Reviving Talc Cancer Claims

A New Jersey appeals court’s decision to revive two lawsuits accusing Johnson & Johnson’s iconic Baby Powder of causing cancer may lead to the reinstatement of about 1,000 suits targeting the talc-based product. A three-judge panel of the New Jersey …

BASF, Cahill Law Firm to Pay $72.5 Million in Talc-Scam Deal

BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve claims they hid evidence that certain talc products contained asbestos in an effort to scuttle thousands of lawsuits. Executives of …

Nonprofits Urge Johnson & Johnson to Halt Sales of Baby Powder Globally

More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based Johnson’s Baby Powder world-wide, citing concerns that it contains cancer-causing asbestos, according to a statement from advocacy group Black Women for Wellness. The …

J&J Loses Bid to Overturn Baby Powder Verdict, but Damages Cut to $2.1 B

A Missouri appeals court on Tuesday rejected Johnson & Johnson’s bid to throw out a jury verdict in favor of women who blamed their ovarian cancer on its baby powder and other talc products, but reduced its damages award to …

J&J’s Baby Powder Switch Sets an End Date for Legal Liability

Johnson & Johnson’s decision to phase out the talc-based version of its iconic baby powder may signal the company is moving out of litigation-defense mode over allegations the product causes cancer and preparing for a global settlement of almost 20,000 …

Talc Miner Imerys Strikes Deal to Resolve 14,000 Cancer Lawsuits

Imerys SA, which mines talc used in Johnson & Johnson’s iconic Baby Powder and other products, agreed to turn over its North American operations to resolve more than 14,000 lawsuits claiming the mineral caused cancer in some consumers. Imerys Talc …