Johnson & Johnson Proposes Nearly $6.5B Package to Settle Talc Ovarian Cancer Suits

Key TakeawaysJohnson & Johnson on Wednesday proposed a settlement that would pay roughly $6.5 billion to settle lawsuits alleging the company's talc powder caused cancer.The settlement would resolve nearly all of the pending suits against J&J and its subsidiaries, the company said.Claimants would have three months to vote for or against the settlement package. Johnson & Johnson (JNJ) shares rose in early trading Wednesday after the company announced a plan that would resolve nearly all pending litigation ov ...