Johnson & Johnson’s Proposed Talc Settlement Would Pay $400 Million to State AGs

Johnson & Johnson’s Proposed Talc Settlement Would Pay $400 Million to State AGs
A bottle of Johnson and Johnson Baby Powder in a photo illustration taken in New York on Feb. 24, 2016. Mike Segar/Illustration/Reuters
Reuters
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NEW YORK—Johnson & Johnson has set aside $400 million to resolve U.S. state consumer protection actions as part of its broader $8.9 billion effort to settle claims that its Baby Powder and other talc products cause cancer.

J&J subsidiary LTL Management filed a bankruptcy plan in New Jersey late on Monday that details how the company intends to pay different types of cancer victims in a bankruptcy settlement. J&J has said that its talc products are safe and do not cause cancer. It is attempting for a second time to resolve more than 38,000 lawsuits in bankruptcy and prevent new cases from coming forward in the future.