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Will Johnson & Johnson secure enough votes for the $9 billion talc settlement offer by December 31, 2024?
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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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