Data is a real-time snapshot *Data is delayed at least 15 minutes. Required fields are marked We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our Please tell us what we can do to improve this article.Your email address will not be published. Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand fell in light of mounting lawsuits that said it …
The ruling could also affect other talc cases on hold before the same judge.“There are approximately 1,000 ovarian cancer cases currently filed in New Jersey state court, with more to come,” Ted Meadows, one of the lawyers representing women bringing the baby powder cases, said in a statement. ""Decades of scientific studies by medical experts around the world support the safety of our product," the company said in a statement to CNBC. Baby powder lawsuit: Woman with ovarian cancer awarded $110M from Johnson & Johnson. "Johnson's Baby Powder represents approximately 0.5% of the company's total U.S. sales in its consumer unit, according to the company.Last year, J&J recalled around 33,000 bottles of baby powder in the U.S. after the Food and Drug Administration said they found trace amounts of asbestos, a known carcinogen, in a bottle purchased online.J&J later said it retested its Johnson's Baby Powder and found no signs of asbestos that prompted the recall.Got a confidential news tip? J&J attributed the decline "in large part to changes in consumer habits and fueled by misinformation around the safety of the product and a constant barrage of litigation advertising. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. It found that using baby powder each week could increase the risk of this cancer by 33%. Wednesday’s ruling and a New Jersey jury’s February award of $750 million in a talc case may help dispel that notion.“We respect the court’s decision and are fully prepared to defend the safety of our product in court,” J&J spokeswoman Kim Montagnino said in an emailed statement. Johnson & Johnson was accused of failing to warn consumers about cancer risks associated with its baby … Statute of Limitations for Talcum Powder Lawsuit Most states have a statute of limitations in place for talcum powder lawsuits. The original damages award was a record of $4.69 billion in punitive and compensatory damages. There is a talcum powder lawsuit statute of limitations, so if you believe that you have been harmed by using a talc product, it’s best to contact a lawyer as soon as possible. Whether you or a loved one may have a cancer-related talcum powder lawsuit or a wrongful-death suit, we’re here to help . In … “We remain confident that our talc is safe, asbestos free, and does not cause cancer.”J&J pulled Baby Powder off the market in the U.S. and Canada in May. The lawsuit alleged the Johnson & Johnson was aware that their talc baby powder contained asbestos, a known carcinogen. Deciding credibility is an issue for the jury, not the judge, they said.Imerys Talc America, a unit of Paris-based Imerys SA that mined talc used in J&J’s baby powder, also was named as a defendant in the cases. (Updated July 13, 2018) Thousands of talcum powder lawsuits have been filed against Johnson & Johnson for failing to warn women of the risk of developing ovarian cancer from using its popular baby powder. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.J&J discontinues talc-based baby powders in US & Canada Johnson & Johnson Told to Pay $4.7 Billion in Baby Powder Lawsuit. "The consumer and medical goods giant, which makes everything from Tylenol to Aveeno lotions, has repeatedly denied the allegations.On Tuesday, the company said it "remains steadfastly confident in the safety of talc-based Johnson's Baby Powder. Johnson & Johnson ordered to pay $2.1 billion in baby powder lawsuit A Missouri appeals court on Tuesday ordered Johnson & Johnson to pay $2.1 billion to … Many women in hot climates use baby powder to stay dry. But it sought bankruptcy protection from creditors last year. The company now faces more than 20,000 talc lawsuits, some claiming talc itself causes cancer and others pointing to alleged asbestos contamination in talc.Holly Froum, a Bloomberg Intelligence analyst, said the growing number of cases may force J&J to pay as much as $10 billion to resolve the suits.In Wednesday’s decision, the appellate panel found Atlantic County Judge Nelson Johnson was wrong to assess the credibility of plaintiffs’ experts Graham Colditz and Daniel Cramer in excluding their testimony, rather than scrutinizing the methodologies behind their conclusions that talc can cause ovarian cancer. The number of cases alleging it causes cancer continues to mount, though, increasing 15% over the last eight months, according to J&J securities filings.