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J&J's $4.69 Billion Talc Loss Hands Investors a What-Next Moment

  • 22 women claimed ovarian cancer linked to J&J baby powder
  • Company denied asbestos in talc products, link to cancer
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J&J Ordered to Pay $4.14 Billion Punitive Damages
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Johnson & Johnson slipped as investors began to assess the potential long-term costs to the company of the legal saga surrounding its talc products.

On Thursday, a jury ordered the company to pay $4.69 billion to women who claimed asbestos in the products caused them to develop ovarian cancer, marking the sixth-largest product-defect verdict in U.S. history.