financetom
Business
financetom
/
Business
/
Johnson & Johnson adds $1.1 billion to proposed talc settlement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Johnson & Johnson adds $1.1 billion to proposed talc settlement
Sep 6, 2024 12:37 PM

(Reuters) -Johnson & Johnson ( JNJ ) plans to pay an additional $1.1 billion to resolve thousands of legal actions alleging its baby powder and other talc products caused cancer, according to two people familiar with the matter.

J&J said on Wednesday that it has secured 12,000 more votes in favor of its talc settlement plan after winning over a longtime opponent of the company's proposed settlement.

J&J previously announced a plan to pay $8 billion over 25 years to settle the lawsuits. The company declined to comment on the increase.

The new settlement terms have recently won support from Allen Smith, a tort lawyer who, along with another firm, jointly represents roughly 12,000 claimants.

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 >
FCC settles data breach notification case with Liberty Latin America
FCC settles data breach notification case with Liberty Latin America
Jun 13, 2024
June 13 (Reuters) - The Federal Communications Commission struck a settlement with Liberty Latin America ( LILA ) on Thursday, ending an investigation into whether the telecommunications company failed to report a data breach and requiring it to pay a $100,000 penalty, the agency said. ...
Looking At Gold Fields's Recent Unusual Options Activity
Looking At Gold Fields's Recent Unusual Options Activity
Jun 13, 2024
Deep-pocketed investors have adopted a bearish approach towards Gold Fields ( GFI ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GFI usually suggests something big is about to happen. We gleaned this information...
What's Going On With Dave & Buster's Stock After Earnings?
What's Going On With Dave & Buster's Stock After Earnings?
Jun 13, 2024
Dave & Buster’s Entertainment, Inc. shares are trading lower Thursday after the company reported worse-than-expected first-quarter financial results. The Details: Dave & Buster's reported quarterly sales of $588.1 million, which missed the analyst consensus estimate of $621.26 million. Comparable store sales decreased 5.6% compared with the same calendar period in 2023. The company reported quarterly earnings of $1.12 per share...
AGCO Dealership Introduces Same-Day Parts Delivery Service
AGCO Dealership Introduces Same-Day Parts Delivery Service
Jun 13, 2024
12:44 PM EDT, 06/13/2024 (MT Newswires) -- AGCO ( AGCO ) said Thursday AgRevolution, its full-line agricultural equipment dealer, now offers same-day delivery service for machinery parts. The service is available to customers in the western Kentucky, southern Indiana and southern Illinois service area, the firm said. Price: 103.91, Change: +0.14, Percent Change: +0.13 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved