Good News: Testing of Johnson and Johnson Baby Powder Results come back!
I know I have spoken on Johnson and Johnson's baby powder scandal before, but I though you might enjoy some more juicy news on the big bucks problem.
Johnson and Johnson has couple under fire from multiple sources lately for allegedly
having asbestos in their baby powder. After being subpoenaed by the Department of Justice
and the Securities exchange and having multiple lawsuits filed against them, Johnson and
Johnson has seemingly proven their innocence.
Along with subpoenas and lawsuits, Johnson and Johnson faced an investigation by
India’s federal regulators. India’s regulators were informed by Reuters that Johnson and
Johnson knowingly had asbestos contaminated products. After launching a full scale
investigation, the India federal regulators determined that Johnson and Johnson baby powder
and talc products were in fact not contaminated with asbestos.
Regulatory agencies from multiple other countries including Singapore, Thailand, Saudi
Arabia, Jordan, Kuwait, and Egypt have backed up Johnson and Johnson’s claim that they are
asbestos free.
After this information became available, Johnson and Johnson informed Reuters that
they have “resumed production of its Johnson’s Baby Powder at plants in Baddi and Mulund,
India, after government sanctioned testing reaffirmed that the product does not contain
asbestos.”
After the announcement, Johnson and Johnson shares went up 1.1%.
Although this proves that Johnson and Johnson no longer has asbestos contaminating
their baby powder and other talc products, this does not prove that they have not had asbestos
contamination in the past. Lawsuits involving past use of Johnson and Johnson baby powder
will most likely go unaffected by these new developments.
I know I have spoken on Johnson and Johnson's baby powder scandal before, but I though you might enjoy some more juicy news on the big bucks problem.
Johnson and Johnson has couple under fire from multiple sources lately for allegedly
having asbestos in their baby powder. After being subpoenaed by the Department of Justice
and the Securities exchange and having multiple lawsuits filed against them, Johnson and
Johnson has seemingly proven their innocence.
Along with subpoenas and lawsuits, Johnson and Johnson faced an investigation by
India’s federal regulators. India’s regulators were informed by Reuters that Johnson and
Johnson knowingly had asbestos contaminated products. After launching a full scale
investigation, the India federal regulators determined that Johnson and Johnson baby powder
and talc products were in fact not contaminated with asbestos.
Regulatory agencies from multiple other countries including Singapore, Thailand, Saudi
Arabia, Jordan, Kuwait, and Egypt have backed up Johnson and Johnson’s claim that they are
asbestos free.
After this information became available, Johnson and Johnson informed Reuters that
they have “resumed production of its Johnson’s Baby Powder at plants in Baddi and Mulund,
India, after government sanctioned testing reaffirmed that the product does not contain
asbestos.”
After the announcement, Johnson and Johnson shares went up 1.1%.
Although this proves that Johnson and Johnson no longer has asbestos contaminating
their baby powder and other talc products, this does not prove that they have not had asbestos
contamination in the past. Lawsuits involving past use of Johnson and Johnson baby powder
will most likely go unaffected by these new developments.
