J&J Shares Tumble On Report Of ‘Asbestos In Talc’ Criminal Probe

Read more on this subject: Courtroom and Trials
News Story Source: https://www.zerohedge.com, Tyler Durden
Shareholders are selling first, thinking later…

Whilebaby powder only accounts for a small fraction of J&J revenues, it is a core brand and the criminal probe, which hasn't been reported previously, coincides with a regulatory investigation and civil claims by thousands of cancer patients that J&J's Baby Powder talc was responsible for their illness.

Now, a grand jury in Washington is examining documents related to what company officials knew about any carcinogens in their products, the people said.

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