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Johnson & Johnson said in a securities filing Monday 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 is currently seeking the high court’s review of the estimated $2.1 billion verdict. 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 caused their ovarian cancer; the court later passed on taking another look at its ruling and the state high court also refused to review the ruling.
J&J now faces 25,000 cases over its talc products, and the number of personal injury cases over its baby powder products continues to grow.
Most of the cases are pending in multidistrict litigation in New Jersey federal court. Lawsuits have also been filed in New Jersey, Missouri and California state courts.
link: https://www.law360.com/productliability/articles/1358015/j-j-reserves-4b-for-talc-verdict-expenses