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Johnson & Johnson's baby powder is under fire for potentially causing cancer in thousands of customers. (Justin Sullivan / Getty Images)
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The Department of Justice and the Securities and Exchange Commission are investigating Johnson & Johnson over fears that the company's baby powder may contain asbestos.
The agencies have sued the manufacturer of health care products following several minutes of the jurors granted to the plaintiffs in lawsuits against the company, United States today reported. Among the news of the subpoena, Johnson & Johnson shares fell by about 1.5% to open the day on Thursday.
Nearly 13,000 additional plaintiffs who claimed that the company's talc products were contaminated with asbestos and had caused their cancer are being sued in the ongoing lawsuits against Johnson & Johnson.
In July 2018, a St. Louis jury awarded $ 4.7 billion to 22 women who said the company's asbestos in talcum powder had contributed to ovarian cancer.
"The company is cooperating with these government investigations and will produce documents in response," Johnson & Johnson said in a document filed with the SEC. "The company believes that it has strong grounds on appeal to overturn these verdicts."
"[The agencies inquiries] are linked to reports containing inaccurate statements and concealing crucial information that has already been made public in the litigation and in previous media reports about the ongoing talc litigation that has had a negative impact on the price of our shares at the end of December 2018 "a statement to United States today.
Read the full article at USA Today
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