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Will Johnson & Johnson announce new marketing and safety measures for talc products by Dec 12, 2024?
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Resolution / Starting Odds
No announcement • 33%
Marketing measures only • 33%
Both marketing and safety measures • 33%
Official Johnson & Johnson press releases
Story
Johnson & Johnson Reaches $700M Settlement With 43 States Over Asbestos in Talc Products
Jun 12, 2024, 12:20 AM
Johnson & Johnson has agreed to pay $700 million to settle an investigation by 43 U.S. states, including Massachusetts, and Washington, D.C. into the marketing of its talc-based products, including baby powder. The settlement addresses allegations that the company misled consumers about the safety of these products, which were claimed to be contaminated with asbestos, a known carcinogen. The consent judgment filed by state attorneys general, including Anthony Brown and Kwame Raoul, aims to resolve claims that Johnson & Johnson engaged in deceptive marketing practices. Illinois will receive $29 million, while Arizona and Maryland will get $15.5 million and nearly $15 million, respectively, from the settlement.
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Federal lawsuit • 33%
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