Johnson & Johnson has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&J’s original offer of $2 billion. The agreement follows a January appeals court ruling invalidating J&J’s controversial “Texas two-step” bankruptcy … Continue reading J&J unit files for second bankruptcy to pursue $8.9-B talc settlement