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J&J has enough support from claimants for $6.5 billion talc settlement - Bloomberg

NEW YORK, Aug 12 (Reuters) - Johnson & Johnson JNJ.N has cleared a key threshold of support for its proposed $6.5 billion settlement of tens of thousands of lawsuits alleging its baby powder and other talc products caused cancer, according to a Bloomberg report.
Bloomberg
By Bloomberg
12 Aug

By Dietrich Knauth


More than 75% of claimants voted in favor of the proposal, according to Bloomberg, a hurdle the company set for a third attempt at placing a subsidiary in bankruptcy protection to resolve the litigation.

J&J spokesperson Clare Boyle said the company could not comment while the vote tally was not final.

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