The Talc Tragedy: A Multibillion Dollar Bargain for Justice? Johnson & Johnson's (J&J) latest settlement deal is a stark reminder that even the giants can be brought to heel. The company has agreed to pay $5.
5 billion to settle tens of thousands of lawsuits alleging its talc based baby powder caused ovarian cancer, accounting for 99. 75 percent of outstanding talc related cases in the US.
This payout is a testament to J&J's willingness to cut losses rather than continue fighting a battle that will only serve to further erode public trust.