Johnson & Johnson Talc Settlement | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Johnson & Johnson is poised to settle a decade-long talc lawsuit for $5.5 billion, aiming to wrap up claims that their products caused ovarian cancer — but only if 95% of remaining plaintiffs agree. After a judge rejected a previous $9 billion offer, the company chose to avoid further legal battles and instead pushed for a deal that would pay no more than $3 billion next year, with no further payments until 2028. Facing shaky evidence linking talc to cancer, the company’s legal team conceded the court’s skepticism, while executives hope the settlement lets them refocus on life-saving innovation. The news sent J&J’s shares up over 2% before markets opened — signaling relief for investors and a potential end to a costly legal chapter. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/15db730854601e42