Johnson & Johnson Cleared In Illinois Woman's Death In Talc Case, But Thousands Still Pending: Report

On Friday, a jury in Illinois decided that Johnson & Johnson JNJ was not liable for the death of 69-year-old Elizabeth Driscoll, who used the Company's talc-based powders for decades.
Driscoll's family had blamed Johnson & Johnson's products for causing her ovarian cancer.
The Illinois case, filed in 2018 by relatives on behalf of Elizabeth Driscoll, who died from ovarian cancer in 2016, sought up to $50 million in damages, claiming that JNJ knew that both its baby powder and Shower to Shower products were unsafe.
However, following a three-week trial, jurors in St. Clair County, Illinois, ruled in favor of Johnson & Johnson.
Meanwhile, J&J is facing about 29,000 reported cases that could add billions to its legal expenses.
In a Securities and Exchange Commission filing in early 2021, J&J estimated its litigation expenses at $3.9 billion, noting the cost was "primarily associated with talc-related reserves and certain settlements."
Price Action: JNJ shares are up 0.18% at $172.51 during the market session on the last check Monday.

Momentum47.63

Growth63.70

Quality11.24

Value23.97

Short

Medium

Long