Asbestos in Baby Powder leads to $4.7 Billion for Cancer Victims, Shares Plummet
On Friday, stocks in the multinational pharma giant company Johnson & Johnson dropped a huge percent, over 10 percent, following Reuters released an explosive report demonstrating in concrete detail the way the corporation was completely aware that asbestos has been tainting their signature infant powder merchandise utilized by hundreds of millions of individuals, for years, while neglecting to do anything about that.
This is because talcum, which is thought to be similarly toxic in itself, is harvested from the Earth in close proximity to asbestos.
The quantity of money, Johnson & Johnson has been ordered to cover is beyond the understanding of any individual. Back in July, Johnson & Johnson has been ordered to pay a whopping $4.7bn (#3.6bn) in settlement, and it will be a rise in the $70 million sworn to a single girl who suffered from ovarian cancer as a consequence of the poisonous baby powder.
22 women who claim Johnson & Johnson’s trademark product gave them ovarian cancer, once thought of as a certain kind of basic point to have in your bathroom in America, are the recipients of this well deserved $4.7 billion, and at this point the situation needs to be among the biggest or at least most expensive medical scandals ever.
Reuters performed a review of documents, and found that Johnson & Johnson had been fully aware of those critical, “trace” amounts of asbestos in their product since at least 1971: for almost 50 years now, or a little over 30 years if it indeed stopped in the early 2000’s as they claim.
Lawyers representing Johnson & Johnson didn’t have a lot to say. However they tried, and they said “Johnson & Johnson’s baby powder is safe and asbestos-free.”
But if folks would like to be aware of the genuine look of corruption and the way the real story of it seems, Johnson & Johnson was also shrouded in a racketeering scandal which included a bank, and also the head of the FDA, among the most effective regulatory agencies in the usa and the whole world.
Margaret Hamburg resigned from the FDA after being exposed for enriching her husband’s hedge fund, and their connection to Johnson & Johnson, as detailed at 14:15 in this video.
Margaret Hamburg’s RICO lawsuit back before her resignation said:
“During the confirmation process before Congress, Dr. Margaret A. Hamburg, acting in concert with her husband, Peter F. Brown, at all material times the Co-CEO of a hedge fund named Renaissance Technologies, L.L.C., failed to disclose to Congress and other relevant authorities, her and her husband’s clear-cut conflict of interest –specifically, that Renaissance Technologies, L.L.C. held hundreds of millions of dollars of Johnson & Johnson stock, the manufacturer of the deadly drug, Levaquin.”
The powerful hedge fund her husband runs, Renaissance Technologies, managed to get the case dismissed in 2017.
This is the way corruption looks. As you can tell by the words of Johnson & Johnson lawyers, they are absolutely vicious in defending them from paying for what they have done to people. It might get worse than contaminated talcum powder.