J&J has enough support from claimants for $6.5 billion talc settlement: report
JNJJ&J(JNJ) Fox Business·2024-08-13 07:22

Johnson & Johnson has cleared a key threshold of support for its proposed $6.5-billion settlement of tens of thousands of lawsuits alleging its baby powder and other talc products caused cancer, according to a Bloomberg report. More than 75% of claimants voted in favor of the proposal, according to Bloomberg, a hurdle J&J set for a third attempt at placing a subsidiary in bankruptcy protection to resolve the litigation.Reuters has not independently verified the report, for which Bloomberg cited sources fami ...