Johnson & Johnson Stock Drops After Called Out (Again) About Asbestos in Baby Powder

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white talcum powder on the wood floor

A special report from Reuters came out on Friday, December 14, 2018, about Johnson & Johnson regarding a dangerous product they have been selling for decades—baby powder.

The report is about the company’s stubborn denial that there could be asbestos in the talc that they use for this product. This has been a problem they have fought with since the 60s. However, this particular report caused quite an impact on the company and caused their stock to drop 10%, which is no small number. Several days later, their stock is still down, their denials continue, and they are playing down the issue.

Johnson & Johnson Chooses to Continue to Sell & Deny Despite Risks

According to The New York Times, 12,000 women have sued Johnson & Johnson because of the talc and its alleged contamination of asbestos. Studies have shown that talcum powder can have enough asbestos to cause ovarian cancer. Asbestos is considered a dangerous carcinogen that should be avoided at all costs. In fact, for decades, mothers have been told to avoid using talcum powder on or around babies because the risk is simply too high for severe lung damage and disease. Asbestos is also linked to mesothelioma, and here is a video with more information. This dangers of this mineral are not questionable and many studies continue to prove the harm it can cause. Two men even went to prison for exposing high school students to asbestos (read more about that here).

Despite the risks, J & J continues to sell their baby powder to the general public in supermarkets and other stores across the country. There’s not even a warning label to inform anyone about the possibility of asbestos. This is why so many unsuspecting consumers (usually women) have taken the company to court for contributing greatly to their development of ovarian cancer. Lab results have helped these women win case after case against J & J, and in a recent case, the court awarded $4.69 million in compensation.  

To this day, Johnson & Johnson denies that their talcum powder contains any amount of asbestos. The product is still on sale in every store as we speak. We have had romaine lettuce and beef recalled. Cars and toys are recalled, too. But for some reason, talcum powder has managed to remain on the shelves.

How Has Johnson & Johnson Been Able to Keep Selling This?

Basically, despite their soft and gentle branding, this company plays hardball in legal proceedings. It comes down to denial, downplaying, and betrayal of the customers that trusted them.

J & J has known about the potential dangers of their baby powder for years, but rather than protect health of consumers, they have focused instead to continue selling the product as-is. They have quite a record of appealing cases that have been won against them. The individuals that have won these cases are largely women who have gotten ovarian cancer and loved ones who were fighting for the victims that have died.

Sure, Johnson & Johnson is always concerned about potential legal restrictions that could ban their product, but until then, they will continue to disregard the potential harm that their product causes. The company has litigated for years about this issue, and there isn’t much reason to expect them to stop now.

Do You Believe You Have Been Harmed by Talc?

Contact a dedicated lawyer today so they can help you with your case. Companies like Johnson & Johnson might be intimidating, but many capable lawyers have the experience of winning against them. You deserve compensation, and negligent companies need to be held accountable.

This article was written by AskTheLawyers on behalf of Nancy Winkler.

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