REUTERS: Johnson & Johnson announced Wednesday that it has received subpoenas from the US Department of Justice and the Securities and Exchange Commission (SEC) regarding litigation related to alleged asbestos contamination in its signature Baby Baby product line ,
The company said it intends to "fully cooperate with these investigations and continue to defend the company in the talk-related litigation."
The publication of Johnson & Johnson's annual report on Wednesday was the first time that the company disclosed this received summons from federal agencies regarding its talcum powder products.
The Department of Justice declined to comment and the SEC did not immediately respond to requests for comments.
Reuters' report of December 14 showed that Johnson & Johnson had known for decades. Englisch: www.cosmetic-business.com/en/showar…p?art_id=575 In the twentieth and twentieth century, small amounts of asbestos, a known carcinogen, had been found in his talcum and powder products, occasionally in the early 2000s – information he did not disclose to regulators or the public. https://www.reuters.com/article/us-johnson-johnson-cancer-special-report/special-report-jj-wissen-für-decades-das-asbestos-lurked-in-its-baby-pulver- idUSKBN1OD1RQ
The Reuters article led to a sell-off of the Johnson & Johnson shares, which resulted in the clearing of approximately $ 40 billion in market value and a public relations crisis as the health conglomerate became widespread Questions regarding the possible health effects of one of these companies had its most iconic products. https://www.reuters.com/article/us-johnson-johnson-cancer-crisis/after-damaging-reuters-report-jj-doubles-down-on-talc-safety-message-idUSKCN1OU16D
Johnson & Johnson said the state's investigations "refer to news reports that contained inaccurate statements, and also contained important information" that had already been published.
The company added, "Decades of independent testing by regulators and the world's leading labs prove that Johnson & Johnson's baby powder is safe, asbestos-free, and non-cancerous."
Johnson & Johnson faces lawsuits involving 13,000 plaintiffs involved in the use of talc products, including baby powders, cause cancer.
Last month, US Democratic Senator Patty Murray sent a letter to J & J's Chief Executive Officer, Alex Gorsky, searching for documents and information pertaining to the testing of talc products for the presence of carcinogens and how this information was presented to the regulatory body consumers and consumers.
(Report by Chris Kirkham, Edited by Neil Fullick)