Johnson & Johnson Knew for Decades About Asbestos in Baby Powder Products
Johnson & Johnson Knew for
Decades About Asbestos in
Baby Powder Products According to Reuters, executives were aware of the issue from 1971 to the
Reuters adds those involved at the company only discussed the problem and did not disclose it to regulators
or the public.
The company has rejected
Reuters findings, calling them
"false and misleading." Following the news, J&J's stock on Friday fell 10.8%.
Johnson & Johnson has also faced a wave of lawsuits claiming its talc baby powder products contains asbestos and have caused ovarian
and other types of cancers.
Back in July, a jury in Missouri ordered J&J to pay $4.9 billion to 22 women
and their families.