https://www.wsj.com/business/johnson-johnson-to-pay-700-million-to-settle-baby-powder-probe-307c4416?mod=hp_lead_pos4
The agreement is an ‘important step’ as the company tries to put the matter behind it, says chief financial officer
Johnson & Johnson has tentatively agreed to pay about $700 million to settle an investigation brought by more than 40 states into the marketing of its talcum-based baby powder, a J&J executive said.
The agreement in principle with attorney general offices in most U.S. states is an “important step” for the company, based in New Brunswick, N.J., as it tries to “reasonably put the matter behind us,” J&J Chief Financial Officer Joseph Wolk said in an interview Tuesday.
