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Johnson & Johnson (JNJ) Reports $750M in Punitive Damages Verdict for Failing to Warn about Cancer-Causing Asbestos in Talc Products

A New Jersey jury has ordered Johnson & Johnson (NYSE: JNJ) to pay $750 million in punitive damages to four cancer victims who charged that the company's iconic Johnson's Baby Powder contained cancer-causing asbestos.In assessing the punitive damages on Thursday, the jury agreed that J&J had acted "maliciously or in wanton disregard" of the safety...

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