Home Business Johnson & Johnson damages cut in half in talcum powder cancer suit

Johnson & Johnson damages cut in half in talcum powder cancer suit

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A Missouri appeals court on Tuesday reduced a damages award against Johnson & Johnson to about $2.12 billion from $4.69 billion in a case brought by 22 women who blamed their ovarian cancer on asbestos in its baby powder and other talc products.

The Missouri Court of Appeals awarded $500 million in actual damages and $1.62 billion in punitive damages, after dismissing claims by some of the plaintiffs.

J&J had been appealing a July 2018 jury verdict. The company has faced thousands of lawsuits over the safety of talc in its Baby Powder.

Shares of J&J were trading flat early Tuesday afternoon, at $143.62.

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