J&J's 3-Deal Day Signals A Shift In Legal War Over Talc
By Daniel Siegal (March 29, 2019, 10:39 PM EDT) -- Johnson & Johnson has fought tooth-and-nail against a wave of suits claiming its talcum powder products contain asbestos, but three Wednesday settlements are a sign the pharmaceutical giant now wants to keep at least some of the closely watched cases from going before a jury.
Johnson & Johnson settled three lawsuits over its baby powder, shown with other company products. (AP) Even as it has been hit with billion-dollar verdicts, investor complaints and a government inquiry stemming from the thousands of suits alleging its baby powder causes cancer, J&J has held the line that its products are safe, and has refused...
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