J&J Proposes $6.5 Billion Settlement for Asbestos-Related Ovarian Cancer Claims

May 1, 2024, 11:00 AM

Johnson & Johnson has proposed a $6.5 billion settlement to resolve tens of thousands of lawsuits alleging that its talc-based products, including baby powder, contain asbestos and caused ovarian cancer. The company announced that if three-quarters of the claimants vote in favor, the settlement will proceed under a plan involving its subsidiary, LLT Management LLC. This plan aims to address all current and future ovarian cancer talc claims through a consensual 'prepackaged' reorganization. The settlement also seeks to resolve nearly all talc ovarian cancer lawsuits in the U.S.