Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • September
  • J&J gets $260 million talc verdict overturned in Oregon, new trial ordered

J&J gets $260 million talc verdict overturned in Oregon, new trial ordered

Editor September 16, 2024
2024-09-16T173431Z_2_LYNXMPEK8F0NR_RTROPTP_4_JOHNSON-JOHNSON-TALC-LAWSUIT

By Brendan Pierson

(Reuters) – An Oregon judge has overturned a $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, the company said on Monday.

Judge Katharine von ter Stegge of the 4th Judicial District Circuit Court in Portland, Oregon, granted J&J’s motion to toss the verdict and hold a new trial in the case at a hearing late on Friday, according to a spokesperson for the company. Von ter Stegge is expected to issue an opinion explaining her order in the coming days.

Erik Haas, J&J’s worldwide vice president of litigation, said the original verdict was “the direct result of numerous egregious errors committed by the plaintiff’s lawyers” and had “no basis in the law or science.”

A lawyer for the Oregon woman, Kyung Lee, who sued the company along with her husband, did not immediately comment.

J&J is facing more than 62,000 plaintiffs’ claims that its baby powder and other talc products were contaminated with asbestos and caused cancer. Most of the lawsuits are over ovarian and other gynecological cancers, with a small minority over mesothelioma. J&J has said that its talc is safe, does not contain asbestos and does not cause cancer.

Lee was diagnosed with mesothelioma last year at age 48. She alleged that she inhaled asbestos-tainted talc over more than 30 years, beginning when her mother used it on her when she was a baby and later when she used it herself as a deodorant.

A lawyer for J&J said at trial that Lee’s illness was likely caused by exposure to asbestos used at a factory near where she grew up.

Friday’s decision comes as J&J is preparing to have a subsidiary file bankruptcy in order to settle the ovarian and other gynecological cancer lawsuits for about $9 billion. The company has said it has secured support for the deal from well over 75% of claimants, the legal threshold for a judge to approve the kind of bankruptcy settlement J&J has proposed.

The bankruptcy filing and settlement would not affect mesothelioma cases like Lee’s.

(Reporting By Brendan Pierson in New York; Editing by Alexia Garamfalvi and Leslie Adler)

Continue Reading

Previous: Bank of America names co-leaders for initiative linking investment bank, wealth units
Next: Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Copper glut driven by tariff threat to deflate US price bubble
  • Exclusive-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say
  • Nvidia becomes first company to hit $4 trillion in market value
  • Trump administration to subpoena Harvard for information on foreign students
  • Analysis-Copper glut driven by tariff threat to deflate US price bubble

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections

You may have missed

  • Newsletters

Copper glut driven by tariff threat to deflate US price bubble

Editor July 9, 2025
2025-07-09T153930Z_2_LYNXMPEL680QD_RTROPTP_4_SAUDI-ARAMCO-POWER-PLANTS
  • Business

Exclusive-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say

Editor July 9, 2025
2025-07-09T143503Z_1_LYNXMPEL680O8_RTROPTP_4_NVIDIA-RESULTS

Nvidia becomes first company to hit $4 trillion in market value

Editor July 9, 2025
2025-07-09T135607Z_2_LYNXMPEL680MC_RTROPTP_4_USA-TRUMP-HARVARD-CANADA

Trump administration to subpoena Harvard for information on foreign students

Editor July 9, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com