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Johnson & Johnson Offers $ 8.9 Bn To Settle ‘Talc Caused Cancer’ Lawsuits

Pharmaceutical major Johnson & Johnson has proposed contributing USD 8.9 billion as a settlement to resolve lawsuits claiming that its talcum powder products caused cancer. Johnson & Johnson said its subsidiary LTL Management LLC (LTL) has re-filed for bankruptcy protection to obtain approval of a reorganization plan that it said will “equitably and efficiently resolve […]

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