(New York) American pharmaceutical giant Johnson
The group announced on January 23 that it had reached an agreement in principle with a consortium of prosecutors. But he had not confirmed the amount of $700 million mentioned by several media.
New York State Attorney Letitia James said in a statement Tuesday that the deal had been finalized and J
The State of New York must collect 44 million of this total envelope, which must be paid in four installments over three years.
Talc is accused of containing asbestos and causing ovarian cancer.
“As part of the plan we designed last year, the group continues to take different steps to achieve a final and complete resolution of the talc case,” explained Erik Hass, vice president of J
This “includes the finalization of the previously announced agreement” with the consortium, he continued.
Johnson
It said more than 60,000 complainants had given the green light for such a resolution. But a bankruptcy judge rejected the planned arrangement.
In early May, the group announced that it was willing to pay approximately $6.5 billion over twenty-five years for civil claims related to ovarian problems (99.75% of current claims). It must be accepted by at least 75% of the complainants to be valid.
“We will continue to manage complaints from those who do not want to participate in our resolution through a consensual bankruptcy plan, through trials or through out-of-court settlements,” Mr. Hass added on Tuesday.
A summary of studies, published in January 2020 and covering 250,000 women in the United States, did not find a statistical link between the use of talc on the genitals and the risk of ovarian cancer.
In the 1970s, concern arose about the contamination of talc by asbestos, often close in nature to the ores used to make talc. Then studies showed a higher risk of ovarian cancer among talcum powder users.