The information has caused J & J to fall in the stock market, with a 10% decline, which is converted into cash and sonante assumes that the company's market capitalization has fallen to $ 45,000 million.
Bloomberg Intelligence litigation analyst Aude Gerspacher and Holly Froum estimate that the company based in New Brunswick, New Jersey, could reach between $ 10,000 billion and $ 20,000,000,000 in compensation for about 11,000 cases of ongoing talks.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The pharmaceutical giant already & nbsp;sentenced in February 2018 to pay $ 4.96 billion to 22 women and their families They claimed that talcum sold by the company had asbestos and caused cancer. This judgment was the final result of a series of thousands of legal cases filed against J & J. After the news broke, the stock fell to 11% on that day. & Nbsp;"Data Reaction Time =" 25 ">The pharmaceutical giant was sentenced in February 2018 to pay $ 4.96 billion to 22 women and their families claiming that talcum sold by the company had asbestos and caused cancer. That judgment was the latest result of a series of thousands of lawsuit against J & J. After knowing the news, the shares fell to 11% on that day.
A mineral fiber used to a large extent commercially is asbestos prohibited in much of the world since the late 1990s for its toxicity and to be potentially carcinogenic.
A surprising penalty
For many analysts, the type taken by the company today on the New York Stock Exchange is exaggerated, as it is not the first time that evidence shows that J & J knew the temporary presence of asbestos in its talks.
"JNJ has had talc / asbestos disputes for several years," said Tom Claps, Susquehanna trial, reminding that there have been several legal cases where the plaintiffs showed that the company knew and hidden the risks. "It's interesting," he said, "that J & J's actions have been affected more today than after the 4.7 billion judgment."
Bloomberg News reported in September 2017 that public records in a trial showed that J & J has known for decades that its talcum products contain asbestos fibers and that exposure to these fibers can cause ovarian cancer.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Article prepared with information from Bloomberg and AFP."data-reaction time =" 31 ">Article prepared with information from Bloomberg and AFP.