Investing.com -Johnson & Johnson (NYSE:JNJ)will have to pay $417 million to a woman who claims that the company's baby powder caused her ovarian cancer following a jury verdict in California. The company says it plans to appeal, but this is not the first time that the courts have ruled that Johnson & Johnson's baby powder has caused cancer.
According to the consumersafety.org, numerous studies over the past several decades have found a connection between talcum powder and ovarian cancer.
Investors were unphased about this latest suit. Shares closed Monday's session fractionally higher.