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.