Johnson & Johnson said Tuesday that it would pay $8.9 billion to resolve all current and future allegations that its baby powder containing talc caused cancer.
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The $8.9 billion that the company would transfer to LTL Management would be payable over the next 25 years to resolve all current and future talc claims. That figure marks an increase over the $2 billion previously committed in connection with LTL Management’s initial bankruptcy filing in October 2021.
J&J noted that neither the original filing from LTL Management nor this refiling is an admission of wrongdoing or an indication that the company has altered its position that its talcum powder products are safe.
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