NEW YORK: US pharmaceutical giant Johnson & Johnson on Tuesday proposed an US$8.9 billion settlement to resolve years-old lawsuits claiming that its talcum powder products caused cancer. The New Jersey-based company said the proposed settlement, which needs the approval of a bankruptcy court, "will equitably and efficiently resolve all claims arising from cosmetic talc litigation." J&J has been facing thousands of lawsuits over talcum powder containing traces of asbestos blamed for causing ovarian cancer.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-04-05-story-h-274250763-Johnson_Johnson_proposes_US_8_9b_settlement_of_talc_cancer_claims

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