A press release states that the deal was made with attorneys representing the plaintiffs.
Johnson & Johnson has consented to disburse a sum of $5.5 billion. The agreement must be approved by a minimum of 95% of the other plaintiffs.
In 2020, J&J ceased the sale of talc-based products in the US and Canada after consumer lawsuits claimed that the talc could have traces of asbestos, a recognized carcinogen. The estimated number of lawsuits is around 80,000.
source: bloomberg.com
