J&J Reserves $4B For Talc Verdict, Expenses

Law360 (February 23, 2021, 3:21 PM EST) -- Johnson & Johnson said in a securities filing that it had set aside nearly $4 billion in 2020 to cover talc settlements and a $2.1 billion verdict in favor of women who claimed its talc products caused cancer, which the company is currently appealing to the U.S. Supreme Court.

J&J said Monday it is currently seeking the high court's review of the $2.1 billion verdict, which, with added interest, amounts to $2.5 billion as of Jan. 3. In June, the Missouri Court of Appeals trimmed a 2018 $4.7 billion verdict in favor of 22 women who claimed that J&J's baby powder...

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