Johnson & Johnson to pay $700 million to settle multistate baby powder investigation

Johnson & Johnson Chief Financial Officer Joseph Wolk on Tuesday called a tentative agreement to pay $700 million to settle an investigation brought by 42 states into how the company marketed its talcum-based baby powder an “important step” as it tries to “reasonably put the matter behind us.”

The settlement is the latest chapter in the yearslong litigation and investigation into the safety risks tied to the New Jersey-based company’s talc-based powder and Johnson & Johnson’s marketing of it. 

The company is facing more than 50,000 suits accusing it of concealing the cancer risk of one of its most iconic products.

Most of the lawsuits brought against the company were filed by women who claimed they developed ovarian cancer after using the company’s baby powder, which at one point was among Johnson & Johnson’s most popular products.
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