Johnson & Johnson To Reverse $7 Billion of Talc Reserve -- Market Talk

Dow Jones

04-01

0737 ET - Johnson & Johnson says it will reverse about $7 billion of reserves it had set aside to help resolve its talc liabilities after a bankruptcy-court judge tossed the company's latest attempt to end the mass torts. J&J's proposed plan offered around $10 billion over time to tens of thousands of women who claimed the company's talc products contained asbestos and caused cancers. J&J's reserve had a total present value of roughly $11.6 billion at the end of 2024. The company says it will now return to the civil justice system to litigate the talc claims. J&J down 3.8% premarket to $159.57. (colin.kellaher@wsj.com)

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April 01, 2025 07:37 ET (11:37 GMT)

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