Johnson & Johnson Makes Progress in Resolving Talcum Powder Lawsuits
Company Clears Key Hurdle in Proposed $65 Billion Settlement Plan
State Court Jury Hears Opening Statements in Latest Trial
Johnson & Johnson has reportedly taken a significant step forward in its efforts to resolve thousands of lawsuits alleging that its talcum powder products caused cancer. According to the company's latest financial report, Johnson & Johnson has set aside $65 billion to settle the pending litigation.
A South Carolina state court jury heard opening statements Tuesday in the most recent trial over the company's talcum powder products. The plaintiffs in the lawsuit allege that they developed cancer after using Johnson & Johnson's talcum powder products for decades.
The Dallas plaintiffs firm that won two talcum powder verdicts against Johnson & Johnson this year opened the case by presenting evidence that the company knew about the potential risks of talcum powder but failed to warn consumers.
Johnson & Johnson has denied any wrongdoing and has said that its talcum powder products are safe. The company is expected to present its defense at the trial, which is scheduled to last several weeks.
If Johnson & Johnson is found liable in the trial, it could face billions of dollars in damages. The outcome of the trial could also have a significant impact on the thousands of other lawsuits that have been filed against the company.
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