JOHNSON & JOHNSON STOCK SUFFERS AFTER REPORT THAT COMPANY KNEW BABY POWDER CONTAINED ASBESTOS

The Daily Caller | 8/15/2018 | Staff
Click For Photo: https://cdn01.dailycaller.com/wp-content/uploads/2018/12/shutterstock_337613405-e1544814029725.jpg

Documents dating back to the 1970s were made available after Johnson & Johnson was compelled to share them with 11,700 plaintiffs claiming baby powder and similar products gave them cancer.

Johnson & Johnson saw its stock fall 9 percent after the Friday publication of a Reuters report claiming company leaders mishandled knowledge that some samples of its talc powder tested positive for asbestos.

Asbestos - Mineral - Cancer - Mesothelioma

Asbestos is a naturally occurring mineral that has been linked to ovarian cancer and mesothelioma.

Johnson & Johnson saw its stock fall 9 percent after the Friday publication of a Reuters report that alleges the company did not tell regulators or the public about asbestos found in its talc products, including baby powder, for decades.

Individuals - Johnson - Johnson - Years - Asbestos

Individuals sued Johnson & Johnson for years claiming asbestos in its products made them seriously ill, but the report details brand-new company documents in which executives, lawyers and scientists discuss powder samples that were found to contain asbestos in the lab.

The documents became available only once Johnson & Johnson was compelled to share them with 11,700 plaintiffs claiming its baby powder and similar products gave them cancer, according to Reuters.

Environmental - Protection - Agency - EPA - Uses

The Environmental Protection Agency (EPA) banned many uses of asbestos in the 1970s, according to the its website.

The Reuters story focused on Darlene Coker, a woman who died in 2009 at age 63 after being diagnosed with mesothelioma. She sued Johnson & Johnson after years of using its baby powder, but had to drop the suit in 1999 when she couldn’t provide enough evidence, reported Reuters.

Johnson - Johnson - Verdicts - Cases - Plaintiffs

Johnson & Johnson has had both favorable and unfavorable verdicts in cases involving plaintiffs who allege its talc products gave them mesothelioma, according to Reuters. The company’s lawyers have used the following arguments in court:

In court, [Johnson & Johnson] lawyers have told jurors that company records showing that asbestos was detected in...
(Excerpt) Read more at: The Daily Caller
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!