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What will be the total amount Johnson & Johnson will settle for in talc lawsuits by December 31, 2024?
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Resolution / Starting Odds
Less than $9 billion • 25%
$9 billion • 25%
Between $9 billion and $10 billion • 25%
More than $10 billion • 25%
Official announcements from Johnson & Johnson or court filings
Story
Johnson & Johnson Adds $1.1 Billion to Talc Settlement Offer, Now Roughly $9 Billion, Winning Over Allen Smith
Sep 4, 2024, 11:00 PM
Johnson & Johnson has increased its offer by $1.1 billion to roughly $9 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer. This move has won over a longtime holdout, tort lawyer Allen Smith, for its talc settlement plan. The company aims to secure more votes in favor of the settlement after increasing its offer, according to a WSJ report citing two people familiar with the matter.
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Less than $4 billion • 25%
$4 billion to $6 billion • 25%
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$6.5 billion • 25%
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$8.2 billion to $10 billion • 25%
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