Lawsuit Against Johnson & Johnson
Lawsuit Against Johnson & Johnson: Johnson & Johnson is an American multinational therapeutic device, pharmaceutical and consumer packaged goods manufacturing company founded in 1886. In February 2016, JNJ was ordered to pay $72 million in damages to the family of Jacqueline Fox, a 62-year-old woman who died of ovarian cancer in 2015. By 2018, the company had become involved in the pain relief drugs in the United States and had become a target of lawsuits.
The Case: Johnson & Johnson Products Have Asbestos Fibers
The complaint filed against JNJ in this class action claims that throughout the Class Period JNJ made false and misleading statements and failed to disclose that J&J has known for decades in its talc products include asbestos fibers and that the exposure to those fibers can cause ovarian cancer and mesothelioma.
As a result, suspects’ statements about JNJ’s business, operations and prospects were materially false and misleading and lacked a reasonable basis at all relevant times.
Description Against Johnson & Johnson
The Beasley Allen Law Firm issued a press release stating that lawsuits filed by ovarian cancer and mesothelioma victims are revealing that Johnson & Johnson and talc supplier, have prevalent asbestos and heavy metals are in the talc used in Baby Powder.
The release stated that “internal Johnson & Johnson documents from 1972 note that asbestos was found in 100% of talc samples tested at the time, but this information was never released publicly.”
It further stated that J&J stopped funding a project designed to test talc samples for asbestos contamination once a majority of the sample batches were found to be positive for asbestos.
On this news, shares of Johnson & Johnson fell $5.06 per share, to close at $126.36 per share on February 8, 2018, thereby further injuring investors.
The Law Firm is giving assistant and support to all who want to become the lead complainant against this lawsuit before 9th April 2018.
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