A state appeals court in New Jersey has tossed out a $223.8 million ruling against Johnson & Johnson regarding its talc powder products, stating that a lower court judge should not have allowed particular scientific testimony to be heard by jurors.
Read More Court Tosses $223.8M Ruling Against Johnson & Johnson In Talc Cancer Case
A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson (JNJ.N) that a jury had awarded to four plaintiffs who claimed they developed cancer.
Read More Court tosses $223.8 million verdict against J&J in talc cancer case
The Johnson & Johnson (J&J) conglomerate is more than quadrupling the amount it had previously set aside to cover its potential liabilities by allocating $8.9 billion to address allegations that their talcum baby powder caused cancer.
Read More Johnson & Johnson to pay $8.9 billion to settle claims that their talc baby powder caused cancer