The Reutersinvestigation comes in the backdrop of the multiple lawsuits that the company is now facing - where more than 9,000 plaintiffs have alleged that its talc baby powder products contain asbestos and caused ovarian and other cancers.
It said nearly 12,000 plaintiffs were suing the company, claiming that its talc caused cancer. The documents, saysReuters, show company executives and scientists discussing how to address the issue, but not disclosing it to health officials or consumers.
However, the Reuters report indicated that most testing reports did not find the presence of asbestos in J&J products. Juries in those cases awarded big sums to plaintiffs who blamed the talc products for causing their mesothelioma, a type of cancer.
The company said Friday there were rigorous tests showing the talc did not contain the cancer-causing mineral.
Thornton Law Firm LLP is investigating potential violations of the federal securities laws on behalf of purchasers of the securities of Johnson & Johnson (NYSE ticker: JNJ) regarding recent revelations that J&J knew about asbestos in its baby powder and talcum powder products dating back several decades.
Johnson & Johnson have called Reuter's story "one-sided, false and inflammatory", writing in a statement that their baby powder "is safe and asbestos-free".
Johnson & Johnson's stock fell US$14.84 ($20.66), or 10 per cent, to close Friday at US$133 ($185.19), its most severe single-day decline since 2002.
J&J were sued in 1999 by Darlene Coker, who believed that her terminal mesothelioma, a form of cancer caused by exposure to asbestos, was caused by using baby powder.
Johnson & Johnson has denied the claims in the Reuters report, branding it "an absurd conspiracy theory".
According toReuters, the documents also depict successful efforts to influence United States regulators' plans to limit asbestos in cosmetic talc products and scientific research on the health effects of talc.
"This is all a calculated attempt to distract from the fact that thousands of independent tests prove our talc does not contain asbestos or cause cancer", Ernie Knewitz, J&J's vice president of global media relations, wrote in an emailed response to the report.
Reuters found the company was aware of trace amounts of asbestos since at least 1971. Any suggestion that Johnson & Johnson knew or hid information about the safety of talc is false.
Market participants are hopeful that the new governor will be more communicative and sympathetic to their concerns. So, there are several areas which central bank has to be dealing with and so we will focus on those areas.
The Conservatives had to build a "country that works for everyone" and deliver "the Brexit people voted for". Failure to reach this figure would trigger a leadership contest in which she could not stand.
On December 7, 2018, Ambanis and Piramals released a joint statement giving out the details of the pre-wedding festivities. These people shall be served food three times daily till December 10 as part of the other wedding-related ceremonies.
The top five list includes "supermarkets near me", "gas stations near me", "cashpoint near me", and "car dealers near me". If you want to check out the other U.S. search trends of 2018, you can do so here.
Trump said while "my people" have spoken with China about the case, he has yet to discuss it with Chinese President Xi Jinping. Meng was released on $7.4 million bail on Tuesday, after being detained in Vancouver since December 1.
On the day of the rally in 2017, his mother texted him to be careful. "I felt really comfortable with them", she said. The jury is expected to hear victim impact statements and make sentencing recommendations next week.
In the stabbing attack on two Israeli police officers overnight in the Old City of Jerusalem, the attacker was shot and killed. In addition to the suspect in the Ofra attack, two other individuals in the vehicle were also apprehended.
Canadian with North Korea ties detained after Huawei arrest
On Tuesday a Canadian judge ordered Meng's released on Can$10 million (US$7.5 million) bail , pending a U.S. extradition hearing. He spent more than 20 years working in the Korean Peninsula, and first visited North Korea in 2001, it said.
Apple to open $1B campus in Austin, Texas
After losing the title of the most valuable company of the world to Microsoft , Apple is looking to expand its network of offices. The news site GeekWire , citing anonymous sources, pegged Apple's presence in the building at 70,000 square feet in April.
In plea deal, Russian woman admits to being a secret agent
Butina, jailed since her arrest in July, had mounted an aggressive defence and tried to have the charges against her tossed. Butina appeared in court Thursday wearing a green jail uniform, her red hair in a long braid running down her back.
Google rules out a Chinese search engine
Pichai stressed that users opt in to certain data-tracking features, giving the example of fitness apps that measure steps. Google CEO Sundar Pichai is going to testify before Congress today-the first time he's ever done such a thing.
France’s Finance Minister Calls Protests a ‘Catastrophe’
And that proposed gas tax was indeed what first prompted the "yellow vest" demonstrations across France , starting on November 17. Offshoot movements have emerged elsewhere, and yellow-vest protests were held Saturday in Belgium and the Netherlands.