J&J loses motion to overturn $4.7 billion talc verdict

Wed Dec 19 2018

Healthcare conglomerate Johnson & Johnson has lost its motion to reverse a verdict that awarded $ 4.7 billion to women who blamed ovarian cancer on asbestos in the company’s Baby Powder and other talc products, a Missouri court ruled on Wednesday.

Shares of the company reversed course to slip 0.6 percent to $ 129.38 in afternoon trading.

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe

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J&J loses motion to overturn $4.7 billion talc verdict

Lucy Harlow

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