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JNJ > J&J ordered to pay $4.7 billion to women after claims its products gave them cancer

http://www.businessinsider.com/jj-ordered-to-pay-469-billion-to-women-after-claims-its-products-gave-them-cancer-2018-7

Fortune 500 company, Johnson & Johnson, has been ordered to pay $4.69 billion to women who argued in court that its talc products contained asbestos and caused them to develop ovarian cancer, Bloomberg reported.

The St Louis city court verdict is the 6th largest product defect award in US history, ordering $4.14 billion in punitive damages, on top of the $550 million designed to compensate the 22 women and their families.

The jury's decision that J&J's baby powder caused ovarian cancer could be more significant in the long-run then the large payout, as its stock dropped 1.4% after Thursday's verdict against its renowned product.