Johnson & Johnson announces they are prepared to pay a whopping $8.9 billion to settle claims that allege an ingredient in its baby powder caused cancer.
Johnson & Johnson announces they are prepared to pay a whopping $8.9 billion to settle claims that allege an ingredient in its baby powder caused cancer.
A news release from Johnson & Johnson says the company will pay $8.9 billion over the next 25 years in order to settle alleged cancer-causing claims.
There are currently 60,000 claimants, according to the news release. Johnson & Johnson says the payout does not constitute an admission of wrong doing.