Reported about 9 hours ago
The U.S. Department of Health & Human Services is considering seeking over $1 billion from Johnson & Johnson to cover medical costs for patients who claim the company's talc products, including baby powder, caused them cancer. The move comes as J&J faces a proposed $10 billion settlement for numerous ovarian cancer lawsuits, which the government argues could impede its rights to reimbursement. J&J has denied these allegations and is attempting to push through its bankruptcy plan to resolve ongoing litigation.
Source: YAHOO