financetom
Business
financetom
/
Business
/
J&J gets $260 mln talc verdict overturned in Oregon, new trial ordered
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
J&J gets $260 mln talc verdict overturned in Oregon, new trial ordered
Sep 16, 2024 12:25 PM

Sept 16 (Reuters) - An Oregon judge has overturned a

$260 million verdict against Johnson & Johnson ( JNJ ) in a

lawsuit brought by a woman who said she got mesothelioma, a

deadly cancer linked to asbestos exposure, from inhaling the

company's talc powder, the company said on Monday.

Judge Katharine von ter Stegge of the 4th Judicial District

Circuit Court in Portland, Oregon, granted J&J's motion to toss

the verdict and hold a new trial in the case at a hearing late

on Friday, according to a spokesperson for the company. Von ter

Stegge is expected to issue an opinion explaining her order in

the coming days.

Erik Haas, J&J's worldwide vice president of litigation,

said the original verdict was "the direct result of numerous

egregious errors committed by the plaintiff's lawyers" and had

"no basis in the law or science."

A lawyer for the Oregon woman, Kyung Lee, who sued the

company along with her husband, did not immediately comment.

J&J is facing more than 62,000 plaintiffs' claims that its

baby powder and other talc products were contaminated with

asbestos and caused cancer. Most of the lawsuits are over

ovarian and other gynecological cancers, with a small minority

over mesothelioma. J&J has said that its talc is safe, does not

contain asbestos and does not cause cancer.

Lee was diagnosed with mesothelioma last year at age 48. She

alleged that she inhaled asbestos-tainted talc over more than 30

years, beginning when her mother used it on her when she was a

baby and later when she used it herself as a deodorant.

A lawyer for J&J said at trial that Lee's illness was likely

caused by exposure to asbestos used at a factory near where she

grew up.

Friday's decision comes as J&J is preparing to have a

subsidiary file bankruptcy in order to settle the ovarian and

other gynecological cancer lawsuits for about $9 billion. The

company has said it has secured support for the deal from well

over 75% of claimants, the legal threshold for a judge to

approve the kind of bankruptcy settlement J&J has proposed.

The bankruptcy filing and settlement would not affect

mesothelioma cases like Lee's.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved