Containers of Johnson’s baby powder, manufactured by Johnson and Johnson, are displayed on a shelf July 13, 2018 in San Francisco, California.
Justin Sullivan | Getty Images
Johnson&Johnson on Tuesday said it would pay $8.9 billion over the next 25 years to settle allegations that the company’s baby powder and other talc products caused cancer.
The company proposed the settlement in a securities filing.
But J&J still pushed back on the Talk allegations.
“The Company continues to believe these allegations are flimsy and lack scientific merit,” Erik Haas, J&J’s global vice president of litigation, said in a statement.
The company stopped selling its talc-based baby powder worldwide in 2023 after facing thousands of lawsuits from customers claiming its talc products caused cancer due to contamination with a carcinogen called asbestos.
J&J spun off subsidiary LTL Management in October 2021 to reduce its litigation and settlement losses. The company referred its Talk lawsuits to the subsidiary and declared it bankrupt.
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