J&J certain it will prevail in baby powder and opioid lawsuits
‘We trust [the justice department] is going to come to the same conclusion that we have, and that’s that J&J acted responsibly,’ CFO Joseph Wolk says
16 July 2019 - 18:30
New York — Johnson & Johnson (J&J) said that the healthcare conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products.
Last week, Bloomberg reported that the US justice department was pursuing a criminal investigation into whether J&J lied about possible cancer risks of its talcum powder. The company, which is facing more than 14,000 lawsuits over the products, shed more than $15bn in market value Friday in the wake of the news...
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