Johnson & Johnson Wants to Settle Out of Court with Talc Cancer Victims

The Johnson & Johnson (J&J) corporation has proposed a settlement with cancer victims from their talc products: The company said it will pay nearly $9 billion over the next 25 years to settle thousands of lawsuits which claimed that its talc-based products caused cancer.

J&J faces about 40,000 lawsuits from consumers, and this would be its largest ever product liability settlement in the U.S. As part of this proposal, J&J has also refiled for bankruptcy protection to seek approval of the plan. This legal fight has been going on for more than a decade, and lawyers for plaintiffs are calling it a significant victory. (See our article here for more details.)