Posts about Johnson & Johnson
Johnson & Johnson said on Tuesday that it had agreed to pay $8.9 billion to tens of thousands of people who claimed the company’s talcum powder products caused cancer, a proposal that lawyers for the plaintiffs called a “significant victory” in a legal fight that has lasted more than a decade.
The proposed settlement would be paid out over 25 years through a subsidiary, which filed for bankruptcy to enable the $8.9 billion trust, Johnson & Johnson said in a court filing. If a bankruptcy court approves it, the agreement will resolve all current and future claims involving Johnson & Johnson products that contain talc, such as baby powder, the company said.
https://www.nytimes.com/2023/04/04/business/media/johnson-johnson-talc-settlement.html
https://www.npr.org/2023/04/05/1168110404/johnson-proposes-to-settle-talcum-powder-lawsuits
Does this mean they are splitting the amount evenly to everyone who has filled? That is a boat load of money, but if it is divided by 60,000 I don't think it is very substantial for those who have suffered through cancer caused by j&j's product.