🔴 Website 👉 https://u-s-news.com/
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Headquartered in New Jersey, Johnson and Johnson is one of the largest pharmaceutical companies in the world.
The company announced a willingness to pay $6.5 billion dollar in order to settle nearly all of the lawsuits in America claiming that their baby powder (and talcum powder products) caused people to develop cancer.
Once enacted, this settlement will be the 4th largest in US history, right behind the $7.2 billion dollar that Enron had to pay after defrauding their shareholders.
However, aside from the magnitude of the dollar amount itself, the story of how this $6.5-billion settlement came to be—as well as the legal maneuvering that Johnson and Johnson has been doing behind the scenes to try and shield themselves from lawsuits—is fascinating to say the least.
Episode Resources:
🔵 Johnson Statement:
https://ept.ms/3JKkbhD
🔵 Latest Moves:
https://ept.ms/3UJUdRY
🔵 Reuters Investigation:
https://ept.ms/3pjFdLd
🔵 Legal Maneuvers:
https://ept.ms/3jlZEDc
https://ept.ms/3pjFdLd
https://ept.ms/3DY1eTR
https://ept.ms/3lZfFRq
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