J&J Ordered to Pay $4.14 Billion Punitive Damages

  • 22 women claimed ovarian cancer linked to J&J baby powder
  •  Company denied asbestos in talc products, link to cancer

Johnson & Johnson was ordered by a jury to pay $4.69 billion to women who claimed asbestos in the company’s talc products caused them to develop ovarian cancer, marking the sixth-largest product-defect verdict in U.S. history.

The award of $4.14 billion in punitive damages on top of the $550 million meant to compensate each of 22 women and their families for their losses sent the company’s shares down by as much as 1.4 percent in after-hours trading…

J&J Ordered to Pay $4.14 Billion Punitive Damages

Categories : Finance

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