USA: Baby Powder Safety Investigation at Johnson & Johnson


The Department of Justice and the Securities and Exchange Commission are investigating Johnson & Johnson over concerns about possible asbestos contamination of its baby powder and other talc products, the company said. company Wednesday.

In a custody account, Johnson & Johnson stated that it "cooperated with these government investigations and would produce documents in response" to the subpoenas it had received. In a separate statement, the company said "investigations are related to reports" on the number of lawsuits filed by consumers who claim that its talc products have caused cancer.

In December, the New York Times and Reuters published internal documents that reported decades of communication within the company about the risk of asbestos in its talc-based products, even as Johnson & Johnson was fighting to keep negative information away from the public.

A few days after the reports were released, the company's stock sank by more than 12%. He had not fully recovered the losses since Wednesday.


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