J&J ordered to pay $300M in New York talc case

Johnson & Johnson was ordered by a jury to pay $300 million in punitive damages to a woman who claimed the company's talc-based products caused her asbestos-related cancer, according to CNBC.

The New York jury had already awarded 66-year-old Donna Olson compensatory damages totaling $25 million this month.

J&J faces more than 13,000 lawsuits nationwide over its talc-related products. The lawsuits claim that J&J's talc contains asbestos and causes cancer. J&J denies the allegations.

J&J said it plans to appeal the decision.

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