J&J's SEC Filing Indicates $3.9B Reserved For Talc Lawsuits

  •  verdict

An Annual Report Pursuant to Section 13 of the Securities Exchange Act of 1934, filed by the talcum powder giant Johnson & Johnson (J&J) indicated that the manufacturer has set aside $3.9 billion in litigation expenses in 2020, which is primarily associated with talc-related reserves and certain settlements.

The Form 10-K document filed on February 22 with the U.S. Securities and Exchange Commission (SEC) also indicated the company’s position in other ongoing litigations, which included hip replacement devices, Xarelto, Invokana, Risperdal, pelvic mesh products, and Elmiron.

In its filing, the company noted that it is facing more than 25,000 Baby Powder and Shower-to-Shower lawsuits by former users, claiming asbestos-laced talc in the product resulted in their cancers.

Last month, the Kentucky Court of Appeals reversed a verdict that favored the company over a lawsuit claiming its baby powder for a deceased woman's cancer. The appellate court reversed the verdict after finding that the trial court’s decision over allowing the defendant to elicit “irrelevant personal and family use testimony from its witness” prejudiced the plaintiff. The court also remanded the case for a new trial against the company.

A $2.12 billion verdict, which was awarded to women who alleged the company's products for their ovarian cancer is also being appealed by the company in the U.S. Supreme Court.

Last year the company stopped selling its talcum-based products in the U.S. and Canada, stating a decline in consumer demand and misinformation about the safety of the products.

We are social:



NSIC-CRISIL has assigned a "SE 2A" rating to Neural IT, indicating a company with High Performanc...

ISO 27001 Certification

Neural IT is officially ISO 27001:2013 (ISO 27001) certified by Alcumus ISOQAR Limited as the Cer...


Neural IT has successfully implemented HIPAA for securing Health records....



NYSTLA - "Neural IT is proud to be associated with NYSTLA (New York State Trial Lawyers Associati...


CAOC - "Neural IT is proud to be associated with CAOC (Consumer Attorneys of California) as a Ven...


CAALA - "Neural IT is proud to be associated with CAALA (Consumer Attorneys Association of Los An...

News & Events

Friends Of CAALA 2020
It is a treasured moment for Neural IT to be associated as an Affiliate Member for so many years and receive an…
Amidst the chaos of COVID-19 pandemic, we have something to cheer about as today is National Smile Day, and a smile is…
Happy Mother's Day from Neural IT
The cagey pandemic has halted our lives, but the only spirits that kept igniting during the crisis are the ones whom we…

Latest Tweets