Johnson & Johnson talcum powder News
Johnson & Johnson and its other affiliates did not file for bankruptcy protection and will continue to operate their businesses as usual, it said.
The lawsuit filed by Tina Herford claimed that she developed mesothelioma after using J&J talcum powder products that her lawyers claimed contained asbestos.
The August trial was underpinned by errors and insufficient evidence on both sides, culminating in excessive damages, the judge said.
$417 million is the largest sum awarded in a series of talcum powder lawsuit verdicts against Johnson & Johnson in courts around the US.
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