Johnson & Johnson (J&J) has offered to pay as much as $5.5bn (£4.14bn) to resolve tens of thousands of lawsuits alleging that its baby powder and other products containing talcum cause ovarian cancer. The proposed landmark settlement aims to close a long-running legal battle that has weighed on the US healthcare giant for years.
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What is J&J proposing?
J&J said the settlement would cover about 69,000 cases, totalling most of the remaining talc-related claims. The firm will offer up to $3bn next year, with no additional payments due before 2028, it said.
The proposal must be accepted by legal firms representing 95% of the ovarian cancer claims in state and federal courts before it can be finalised, the J&J said.
Erik Haas, the firm's vice president of litigation said on Monday, external that the allegations are
