(WTVO) — Johnson & Johnson is offering nearly $9 billion to settle its baby powder lawsuit, an increase from the $2 billion originally set aside.
More than 60,000 parties sued the company, claiming that J&J’s talcum powder caused cancer.
A Johnson & Johnson subsidiary will re-file for Chapter 11 under the proposal and see court approval to pay the settlement over 25 years.
The proposal does not include any admission of wrongdoing.
