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J&J has enough support from claimants for $6.5 billion talc settlement - Bloomberg
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J&J has enough support from claimants for $6.5 billion talc settlement - Bloomberg
Aug 12, 2024 12:30 PM

NEW YORK, Aug 12 (Reuters) - Johnson & Johnson ( JNJ )

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 the company set for a third

attempt at placing a subsidiary in bankruptcy protection to

resolve the litigation.

J&J spokesperson Clare Boyle said the company could not

comment while the vote tally was not final.

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