Johnson & Johnson faces 25,000 US lawsuits over its baby powder. Some users say talc in the product caused their cancers.
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Pharmaceuticals giant Johnson & Johnson has set aside $3.9 billion in "litigation expenses," including dealing with a years-long battle over its talc baby powder, of which one bottle was found to contain asbestos.
The company set aside the funds "primarily [for] talc related reserves and certain settlements," it said in an SEC filing Monday.
This is substantially higher than the $400 million it set aside for litigation expenses in...