Update: N.Y. Jury Delivers $25 Million Judgment Against Johnson & Johnson -- Bloomberg

(Adds company comment)

-- A New York jury said Johnson & Johnson (JNJ) must pay $25 million to a woman who claims she got cancer by using the company's products, Bloomberg reports Tuesday.

-- The woman alleged she got a rare type of cancer, linked to asbestos, from some of the company's products which contain talc, the report said.

-- The $25 million is for compensatory damages, and the jury will reconvene next week to consider a punitive penalty, the report said.

-- Johnson & Johnson has denied all allegations that its baby powder contained asbestos.

-- Johnson & Johnson said "This trial suffered significant legal and evidentiary errors," adding it had moved for a mistrial. The company also said "we believe these errors will warrant a reversal on appeal."

Full story: https://www.bloomberg.com/news/articles/2019-05-21/johnson-johnson-loses-25-million-new-york-talc-verdict?utm_source=google&utm_medium=bd&cmpId=google

Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

May 21, 2019 13:41 ET (17:41 GMT)

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