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Johnson&Johnson will pay $6.5 billion to resolve a talcum powder cancer lawsuit

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Johnson&Johnson announced on May 1st a restructuring plan proposed by its subsidiary LLT Management LLC (LLT) to comprehensively and ultimately resolve all current and future claims related to ovarian cancer in talc powder lawsuits against the company and its affiliates in the United States. The plan promises that the company will pay approximately $6.475 billion in present value compensation to the claimants within 25 years.
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