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What will be the final settlement amount Johnson & Johnson will pay to resolve the baby powder lawsuits by June 30, 2025?
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Resolution / Starting Odds
Less than $7 billion • 25%
$7 billion to $8.2 billion • 25%
More than $8.2 billion to $9 billion • 25%
More than $9 billion • 25%
Official announcements from Johnson & Johnson and court documents
Story
Johnson & Johnson Raises Baby Powder Settlement Offer to Over $8.2 Billion, 83% of Plaintiffs Agree
Sep 20, 2024, 07:55 PM
Johnson & Johnson has increased its settlement offer to more than $8.2 billion to resolve thousands of lawsuits alleging its baby powder caused cancer. This new offer is up from a previous $6.5 billion offer. The company announced that its subsidiary, Red River Talc LLC, has filed for Chapter 11 bankruptcy for the third time in a Texas court to advance the settlement. A majority of baby powder users have agreed to back the settlement, with 83% of plaintiffs supporting the offer. The company aims to put years of litigation to rest with this deal.
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Less than $8.2 billion • 25%
$8.2 billion to $10 billion • 25%
$10 billion to $12 billion • 25%
More than $12 billion • 25%
Less than $4 billion • 25%
$4 billion to $6 billion • 25%
$6 billion to $8 billion • 25%
More than $8 billion • 25%
Less than $9 billion • 25%
$9 billion • 25%
Between $9 billion and $10 billion • 25%
More than $10 billion • 25%
Less than $6.5 billion • 25%
$6.5 billion • 25%
Between $6.5 billion and $7.5 billion • 25%
More than $7.5 billion • 25%
Less than $5 billion • 25%
$5 billion to $10 billion • 25%
$10 billion to $20 billion • 25%
More than $20 billion • 25%
Less than $8.2 billion • 25%
$8.2 billion to $10 billion • 25%
More than $10 billion • 25%
No settlement reached • 25%
Approved and finalized • 25%
Rejected by claimants • 25%
Modified and accepted • 25%
Pending decision • 25%
Less than 10,000 • 25%
10,000 to 20,000 • 25%
20,001 to 30,000 • 25%
More than 30,000 • 25%
Settlement reached • 25%
Trial verdict in favor of plaintiffs • 25%
Trial verdict in favor of Johnson & Johnson • 25%
Ongoing litigation • 25%
Yes • 50%
No • 50%
Accepted • 25%
Rejected • 25%
Modified • 25%
Pending • 25%
Approved • 25%
Rejected • 25%
Modified and Approved • 25%
Pending • 25%