Johnson & Johnson plans to pay an additional $1.1 billion to settle thousands of lawsuits alleging its baby powder and other talc products cause cancer, according to two people familiar with the matter.
J&J said Wednesday it has secured 12,000 more votes in favor of its talc settlement plan after winning out over a longtime opponent of the company’s proposed deal.
J&J had previously announced a plan to pay $8 billion over 25 years to settle the lawsuits. The company declined to comment on the increase.
The new terms of the settlement have recently gained support from Allen Smith, a liability lawyer who, along with another firm, collectively represents approximately 12,000 plaintiffs.
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