NEW YORK — US pharmaceutical and cosmetics large Johnson & Johnson has agreed to pay $700 million to settle allegations it misled clients in regards to the security of its talcum-based powder merchandise, New York’s lawyer normal introduced Tuesday.
In its settlement with 42 states and the District of Columbia, Johnson & Johnson didn’t admit wrongdoing, although it withdrew the product from the North American market in 2020.
The New Jersey-based firm introduced a settlement in precept in January after dealing with hundreds of lawsuits over talcum powder containing traces of asbestos blamed for inflicting ovarian most cancers.
“No sum of money can undo the ache brought on by Johnson & Johnson’s talc-laced merchandise, however as we speak households can relaxation assured that the corporate is being held accountable for the hurt it brought on,” New York Legal professional Basic Letitia James stated in a press release.
READ: J&J unit information for second chapter to pursue $8.9-B talc settlement
The state of New York will obtain $44 million of the settlement quantity, which have to be paid in 4 installments over three years.
In a press release to AFP, Johnson & Johnson Worldwide Vice President of Litigation Erik Haas stated the corporate “continues to pursue a number of paths to realize a complete and closing decision of the talc litigation.”
The method “contains the finalization of a beforehand introduced settlement that the corporate reached with a consortium of 43 State Attorneys Generals to resolve their talc claims.”
In April 2023, the group proposed an $8.9 billion settlement that will “equitably and effectively resolve all claims arising from beauty talc litigation.”
READ: J&J to finish world gross sales of talc-based child powder
J&J stated the cash can be paid to the tens of hundreds of claimants over 25 years by means of a subsidiary, LTL Administration LLC, which was set as much as handle the claims and has filed for chapter safety.
Nevertheless, a chapter decide rejected the association.
“We are going to proceed to handle the claims of those that don’t wish to take part in our contemplated consensual chapter decision by means of litigation or settlement,” Haas added in his assertion Tuesday.
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A abstract of research revealed in January 2020 overlaying 250,000 ladies in america didn’t discover a statistical hyperlink between the usage of talc on the genitals and the chance of ovarian most cancers.
