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Breaking: J&J to Pay $750M in Baby Powder Case

Investing.com – Dow component Johnson & Johnson (NYSE:JNJ) was ordered Friday to pay $750 million in a civil case charging its Johnson’s Baby Powder contained asbestos.

A jury in New Jersey ordered J&J to pay the punitive damages to four cancer patients.

The jury agreed J&J acted “maliciously or in wonton disregard” of safety risks, the plaintiffs’ lawyers said in a press release.

Shares of Johnson & Johnson (NYSE:JNJ) fell 1% in afternoon trading.

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