Stock Advisor launched in February of 2002.
FORTUNE may receive compensation for some links to products and services on this website. To make matters worse, this is not just a case of the company not knowing; a criminal investigation has also been opened, looking into whether J&J did enough to protect consumers and whether it covered up the issue. © 2020 Fortune Media IP Limited. Since the 1970s, talc used in all consumer products has been legally required to be asbestos-free. All rights reserved. Johnson and Johnson Lawsuit Baby Powder. Market data provided by Interactive Data. Report: Johnson & Johnson Coronavirus Vaccine Study Paused Due To Participant's Unexplained Illness, Copyright, Trademark and Patent Information. In June, a Missouri jury awarded several women involved in these, This California case that concluded on Wednesday was one of the first to go to jury after the company said in a, There are no legal requirements for any cosmetic manufacturer to test their products for safety, according to the. (CNN)A California jury returned a $29.4 million verdict in a trial involving a woman who believes that her mesothelioma is tied to her regular use of Johnson & Johnson's talcum powder. The debate over a link between talcum powder and cancer has been growing in the scientific community.

"There were serious procedural and evidentiary errors in the proceeding that required us to move for mistrial on eight different points during the proceeding. Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team. Amid all the legal uncertainty that the company is facing, Johnson & Johnson is a stock that investors may want to steer clear of for now. Offers may be subject to change without notice. ", Does talcum powder cause cancer? Talc is a soft mineral that is often found with asbestos. Earlier this month, jurors awarded a man in Philadelphia $8 billion in punitive damages, which will leave a big dent on its financials. Returns as of 10/15/2020. Powered and implemented by Interactive Data Managed Solutions. The jury awarded $24.4 million to Teresa Leavitt and $5 million to her spouse, Dean McElroy. While the blue-chip stock may look like a solid investment, especially for dividend investors looking for long-term recurring income to add to their portfolios, there are better options among the many dividend stocks to choose from. J&J says its products do not contain asbestos.

Divan said Johnson & Johnson could have more exposure from a different series of lawsuits involving its baby powder. Normally, all that positivity would be great news for a stock. ‘sentiment analysis’ tool says, GV, formerly known as Google Ventures, elevates its first Black female investing partner, What Wall Street’s favorite election indicators say about who will win the White House in 2020, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Cumulative Growth of a $10,000 Investment in Stock Advisor, Johnson & Johnson Hit With an $8 Billion Fine: Has the Stock Become Too Much of a Risk?

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