Johnson & Johnson (J&J) has reached a tentative settlement to resolve probes in the U.S. The probes were to determine whether J&J knowingly misled consumers about the safety of their talc products.
The deal includes 42 states and Washington, D.C. J&J has tentatively agreed to pay about $700 million to settle the claims.
For years, Johnson & Johnson has faced investigations and lawsuits regarding the safety of its talc-based products, particularly focused on the asbestos in their products causing mesothelioma and ovarian cancer.
Despite J&Js twice dismissed fraudulent bankruptcies to tried to hide from its talc liabilities, they plan on making a third bankruptcy filing.
