A California jury on Wednesday ordered Johnson & Johnson to pay $29 million to a woman who alleged that asbestos in the company's talcum-powder-based products, including Johnson's Baby Powder, caused her mesothelioma.
Johnson & Johnson shares were down Thursday after the company was ordered by a California jury to pay $29 million to a woman who alleged that asbestos in the company's talcum-powder-based products caused her cancer.
The New Jersey-based company said it will appeal the verdict, which was made in California Superior Court in Oakland. J&J faces more than 13,000 talc-related lawsuits. A Los Angeles jury last year awarded $21.7 million to a woman who blamed her cancer on the powder. J&J also lost a motion to reverse a jury verdict in Missouri that awarded more than $4 billion to 22 women who blamed their ovarian cancer on asbestos in the company's products.
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