https://www.sfgate.com/technology/b...-is-sliding-after-a-jury-awarded-13072449.php
Johnson & Johnson is sliding after a jury awarded $4.69 billion to 22 women who said its talcum baby powder gave them cancer
sound bizarre, but
Johnson & Johnson is sliding after a jury awarded $4.69 billion to 22 women who said its talcum baby powder gave them cancer
Shares of Johnson & Johnson were sliding Friday morning, down 2.68%, the day after a St. Louis jury awarded $4.69 billion to the 22 women who said its talcum baby powder gave them ovarian cancer.
The jury's award was the [bsixth-largest product-defect award in US history[/b], consisting of $550 million in compensatory damages and $4.14 billion in punitive damages.
Johnson & Johnson plans to appeal the decision.
A Johnson & Johnson spokeswoman, Carol Goodrich, told Bloomberg the verdict was "the product of a fundamentally unfair process that allowed plaintiffs to present a group of 22 women, most of whom had no connection to Missouri, in a single case all alleging that they developed ovarian cancer."
sound bizarre, but
Johnson & Johnson must pay $4.14 billion in punitive damages to women who claimed asbestos in the company’s talc products caused them to develop ovarian cancer
