Johnson & Johnson has already been ordered to pay $4.69 billion to 22 women in a lawsuit where they allege that the use of the company’s baby powder product gave them cancer. While the company is planning on appealing the verdict, it is still facing thousands more similar lawsuits. Even more recently, it was reported that Johnson & Johnson’s partner company, Imersys, who is responsible for mining the talc in Johnson & Johnson’s talc products declared bankruptcy in the wake of the lawsuits. Talc is mined near asbestos and though Johnson & Johnson denies the claims, it has been reported that the baby powder contains trace amounts of asbestos. Now, as the New York Times reports, the Justice Department is investigating those claims.
On Wednesday, the Johnson & Johnson company announced that the Justice Department and the Securities and Exchange Commission are investigating the company over the allegations that its baby powder and other talc-based products are contaminated with asbestos. The company said that it is cooperating with the agency in the production of documents that have been requested.
Both the New York Times and Reuters reported in December 2018 that internal documents within the company showed decades of knowledge of the risk that their products contained asbestos.
Upon reporting the investigation, the company’s stock fell more than 12%, losses that the company has yet to recoup.
Currently, Johnson & Johnson is facing more than 13,000 lawsuits regarding allegations that its baby powder products caused people to develop ovarian cancer or mesothelioma.
Have you been injured through the use of baby powder or talc-based products? We can help. Call today.