J&J agrees to pay $700M to settle talc probes in 42 states

Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer.The deal includes 42 states and Washington, DC. The company tentatively agreed to pay about $700 million to settle the states’ claims, according to the Wall Street Journal.“Consistent with the plan we outlined last year, the company continues to pursue several paths to achieve a comprehe ...