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Johnson & Johnson offers $5.5 bn settlement to end talc cancer litigation
Johnson & Johnson has proposed a settlement of approximately $5.5 billion to end a decade-long legal battle over the alleged cancer-causing properties of its talc products, including baby powder. The company's vice president of litigation said J&J believes it would have won in court, but the deal allows the firm to close the chapter and refocus on its core mission. If approved, the settlement would resolve thousands of lawsuits from people claiming the products caused cancer.
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