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Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by 8DonCo Thu Jul 12, 2018 11:20 pm
A Missouri jury on Thursday ordered Johnson & Johnson to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
The verdict is the largest J&J has faced to date over allegations that its talc-based products cause cancer.
The company is battling some 9,000 talc cases. J&J denies both that its talc products cause cancer and that they ever contained asbestos. It says decades of studies show its talc to be safe and has successfully overturned previous talc verdicts on technical legal grounds.
Thursday’s massive verdict, handed down in the Circuit Court of the City of St. Louis, was comprised of $550 million in compensatory damages and $4.14 billion in punitive damages, according to an online broadcast of the trial by Courtroom View Network.
J&J in a statement called the trial “fundamentally unfair” and said it would appeal the decision.
J&J shares fell $1.31, or 1 percent, to $126.45 in after-hours trading following the punitive damages award. They had risen $1.52 during regular trading.
The jury’s decision followed more than five weeks of testimony by nearly a dozen experts on both sides.
The women and their families said decades-long use of Baby Powder and other cosmetic talc products caused their diseases. They allege the company knew its talc was contaminated with asbestos since at least the 1970s but failed to warn consumers about the risks.
“Johnson & Johnson is deeply disappointed in the verdict, which was the product of a fundamentally unfair process,” the company said in a statement. The company said it remained confident that its products do not contain asbestos or cause cancer.
The verdict is the largest J&J has faced to date over allegations that its talc-based products cause cancer.
The company is battling some 9,000 talc cases. J&J denies both that its talc products cause cancer and that they ever contained asbestos. It says decades of studies show its talc to be safe and has successfully overturned previous talc verdicts on technical legal grounds.
Thursday’s massive verdict, handed down in the Circuit Court of the City of St. Louis, was comprised of $550 million in compensatory damages and $4.14 billion in punitive damages, according to an online broadcast of the trial by Courtroom View Network.
J&J in a statement called the trial “fundamentally unfair” and said it would appeal the decision.
J&J shares fell $1.31, or 1 percent, to $126.45 in after-hours trading following the punitive damages award. They had risen $1.52 during regular trading.
The jury’s decision followed more than five weeks of testimony by nearly a dozen experts on both sides.
The women and their families said decades-long use of Baby Powder and other cosmetic talc products caused their diseases. They allege the company knew its talc was contaminated with asbestos since at least the 1970s but failed to warn consumers about the risks.
“Johnson & Johnson is deeply disappointed in the verdict, which was the product of a fundamentally unfair process,” the company said in a statement. The company said it remained confident that its products do not contain asbestos or cause cancer.
_________________
8DonCo
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by 8DonCo Thu Jul 12, 2018 11:21 pm
4.7 tỷ , không phải triệu, big bucks
_________________
8DonCo
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by Wenn Thu Jul 12, 2018 11:53 pm
Men
2 đứa con tui toàn xài J&J baby power và nhiều products của J&J nữa. Sợ quá.
2 đứa con tui toàn xài J&J baby power và nhiều products của J&J nữa. Sợ quá.
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Nếu ai hỏi vì sao yêu màu tím
Tôi trả lời vì tím rất thuỷ chung
Wenn- Location : Nơi Bình Yên Chim Hót
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by ga10 Fri Jul 13, 2018 7:49 am
Wenn wrote:Men
2 đứa con tui toàn xài J&J baby power và nhiều products của J&J nữa. Sợ quá.
Nếu thật là unsafe thì J&J đã pull those products off the shelf từ ngay lúc đầu rồi. Gà chỉ thắc mắc là xài baby powder thì sao 0 bị cancer da mà bị ovarian cancer thôi? Làm sao chứng mình there's a direct correlation chứ 0 phải vì họ đã prone to have that type of cancer?
ga10
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by Duyen Fri Jul 13, 2018 8:36 am
Chị Gà
Mấy kem dưỡng da hay lotion cũng có chất này chất nọ có thể làm hại gan, phổi, endocrine system, ảnh hưởng đến reproductive toxicity, etc, not necessary directly harmful to the skin. Đồ mình sức lên da thấm vô máu được.
Mấy kem dưỡng da hay lotion cũng có chất này chất nọ có thể làm hại gan, phổi, endocrine system, ảnh hưởng đến reproductive toxicity, etc, not necessary directly harmful to the skin. Đồ mình sức lên da thấm vô máu được.
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Life is short. Enjoy while it lasts. 
Duyen- Location : Heaven on earth
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by 8DonCo Fri Jul 13, 2018 8:40 am
bà Gà yên tâm đi, luật sư của JJ cũng không có "hiền" đâu 
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8DonCo
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by Duyen Fri Jul 13, 2018 8:48 am
J&J mất 3 tháng net income từ vụ kiện này.
J reported net income of $4.4 billion, or $1.60 per share, in the first quarter. After stripping out amortization expenses and special items, the company earned $5.6 billion, or $2.06 per share, beating analyst estimates of $2.02 per share.
In the quarter, J&J's revenue increased about 13 percent to $20.01 billion from $17.77 billion a year earlier.
J reported net income of $4.4 billion, or $1.60 per share, in the first quarter. After stripping out amortization expenses and special items, the company earned $5.6 billion, or $2.06 per share, beating analyst estimates of $2.02 per share.
In the quarter, J&J's revenue increased about 13 percent to $20.01 billion from $17.77 billion a year earlier.
_________________
Life is short. Enjoy while it lasts.
Duyen- Location : Heaven on earth
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
by 8DonCo Fri Jul 13, 2018 8:51 am
Duyen wrote:J&J mất 3 tháng profit từ vụ kiện này.
có 3 tháng thôi thì NO PROBLEM
_________________
8DonCo
Re: Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
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