By Dean Seal
--Johnson & Johnson has reached a tentative $700 million agreement with more than 40 states to settle an investigation into claims that it failed to warn of possible health risks in the marketing for its talc-based baby powder, Bloomberg reports, citing unnamed sources.
--The deal would avert potential litigation claiming the healthcare-product company hid links between the talc in its powder and various cancers, the unnamed sources told Bloomberg.
--J&J and representatives for state attorneys general are still working out the details of the resolution but have agreed on the settlement amount, according to the report.
--The company, which has already been sued by Mississippi and New Mexico, said in October that 42 states and the District of Columbia had launched a joint investigation into the marketing of its talcum powder products, according to Bloomberg.
Full story: https://www.bloomberg.com/news/articles/2024-01-08/j-j-to-pay-700-million-to-settle-states-talc-marketing-probe?srnd
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
01-08-24 1054ET