Johnson & Johnson is facing what may be its first investor class action stemming from allegations the company knew as far back as the 1970s that asbestos fibers in its talc products could cause cancer.
Investors suffered losses when the price of J&J’s stock dropped after reports surfaced that the company knew decades ago that asbestos fibers in its talc products could cause certain cancers, according to a Feb. 8 complaint filed in the U.S. District Court for the District of New Jersey.
J&J is fighting thousands of consumer lawsuits over the alleged link between its talc ...
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