US jury orders Johnson & Johnson to pay USD417 mn compensation
A jury panel in California has ordered the world's largest health-care company Johnson & Johnson to award USD417 million to a 62-year-old woman with ovarian cancer.
 
The ruling by the jury panel of Los Angeles county Superior Court came on Monday after it found the company was liable for failing to warn the woman about the cancer risks of using talcum products, Xinhua news agency reported.
 
In the first such case going to state-court jury in California, Eva Echeverria said she used the Johnson's Baby Powder from age 11 until 2016, when she saw a news about a woman with ovarian cancer who also used the product.
 
Echeverria, diagnosed with ovarian cancer in 2007, was too weak to show up in the court after a surgeon removed a softball-sized tumour.
 
She said that if Johnson & Johnson had put a warning label on the product showing a linkage between talc and cancer, she would not have used it for so many years.
 
Moreover, her attorneys stressed that Johnson & Johnson had known long ago about cancer risks of using its talcum products but still marketed the unsafe products without any warning label as some experts advised.
 
The company argued that the plaintiff's allegations were not supported by scientific evidence and studies conducted by federal agencies, including the US Food and Drug Administration.
 
After two days of closing arguments by lawyers, the jury decided to award Echeverria with $68 million in compensatory damages and $340 million in punitive damages.
 
In May, a Missouri jury awarded a Virginia woman $110.5 million for a similar allegation, by then, three other Missouri juries had awarded $197 million to plaintiffs who made similar claims.
 
There are more than 300 similar cases pending in California and about 4,800 in other courts across the US.
 
The company immediately announced it would seek to overturn Monday's verdict, saying science supports the safety of Johnson & Johnson's Baby Powder.
 
Talcum powder is made from talc, a mineral made up mainly of the elements magnesium, silicon, and oxygen. As a powder, it absorbs moisture well so that is widely used in cosmetic products such as baby powder and adult facial powders for keeping skin dry and helping to prevent rashes.
 
According to the American Cancer Society, even though many studies have looked at the possible link between talcum powder and ovarian cancer, researches on this field are continuing since findings have been mixed.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User

    COMMENTS

    N.Hanumanta Rao

    2 years ago

    All products made/marketed by Johnson &Johnson must be banned and ordered to be removed from the shelves of all stores all over India and all advertisement s of such products must be banned . The Government must swing into action immediately.

    EU fines Google record USD 2.7 billion for abusing search monopoly
    The European Union Commission on Tuesday slapped technology giant Google with a record fine of 2.42 billion euros or USD 2.7 billion for breaching European Union (EU) antitrust rules by abusing the monopoly it enjoys over internet search.
     
    Google has hinted that it may appeal against the imposition of the mammoth fine -- the biggest ever competition fine in history. 
     
    "We will review the Commission's decision in detail as we consider an appeal, and we look forward to continuing to make our case," said a Google spokesperson in response to the ruling.
     
    In the investigation spanning seven years, Google was accused of manipulating its search engine results to favour its new shopping service at the expense of smaller price-comparison websites.
     
    "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service," the European Commission said in a statement.
     
    "What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation," said Commissioner Margrethe Vestager, who is in charge of competition policy.
     
    The company must now end the conduct within 90 days or face penalty payments of up to 5 per cent of the average daily worldwide turnover of Alphabet, Google's parent company.
     
    The penalty has surpassed the previous 1.1 billion euros record fine Intel was forced to pay in 2009 and the EU might also demand that Google make changes to its search results so that it was not seen to favour its own service, telegraph.co.uk reported.
     
    The investigation dates back to 2010, and was triggered by complaints from other price-comparison websites that said Google had relegated their services in its search results.
     
    Google has a 90 per cent share of internet searches in Europe, giving it a powerful tool to direct how internet users navigate the web.
     
    According to Google, its entry into online shopping space has been good for consumers and retailers, and argues that it was not a monopoly player in online shopping.
     
    "When the Commission asks why some comparison websites have not done as well as others, we think it should consider the many sites that have grown in this period -- including platforms like Amazon and eBay," a Google spokesperson said on Tuesday.
     
    Google is also fighting two other competition cases with the Commission that could see it hit with heavy fines. 
     
    European regulators have in the past investigated Microsoft, Intel, Apple, Google, Facebook and Amazon, raising claims that Brussels was waging a war against the Silicon Valley, but the claim has been denied by the Commission.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User

    Burger King's ad disabled for hijacking Google Assistant
    New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.
     
    XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to communicate information between businesses and other users of financial information, such as analysts, investors and regulators. 
     
    "It has been decided that with effect from April 01, 2017 onwards, all listed entities with BSE, would be required to make their filings in respect of financial results in XBRL mode within 24 hours of submission of results in PDF mode," the stock exchange major said in a statement.
     
    "BSE became the first stock exchange in India to introduce and implement XBRL based reporting. BSE has provided a tool to all listed companies to convert their data (excel) files into XBRL files, free of cost."
     
    According to bourse, listed companies are required to file their financial results in 'PDF' format through the newly launched CAFS system and follow this up with the XBRL filing within a maximum of 24 hours of submission of results through CAFS mode.
     
    Earlier, BSE had asked all listed companies to file their disclosures regarding important listing regulations like shareholding pattern, corporate governance report and voting results using XBRL format.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)