Johnson & Johnson (JNJ) Facing Lawsuit Over Asbestos

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Johnson & Johnson is being accused of selling highly contaminated baby powder, including asbestos

The CEO for Johnson & Johnson (JNJ), Alex Gorsky, expresses the company’s position on the allegations and possible lawsuit facing the company.

“We unequivocally believe that our talc, our baby powder, does not contain asbestos,” Gorsky told CNBC in an interview with Jim Cramer.  “And that’s demonstrated in thousands of studies, studies not only conducted by J&J, but studies conducted by independent authorities, well-respected authorities, where we work closely with regulators who are overlooking the methodology.”

“By the way, throughout this process, we also not only use the best testing methodologies that are available, but we continue to improve them through the years,” the CEO continued.

Gorsky, who has been the company’s CEO since 2012 and has worked there since 1988, reiterated his company’s categorical denial of the reports on “Mad Money,” calling on stakeholders to believe the results of scientific testing and “look at the body of evidence in totality.”

4 COMMENTS

  1. I can’t believe this! We have been using babypowder for everything and for a long time to. ASBESTOS! You know we use it for babies right? JNJ

  2. There are court proceddings, people are trying to do things.

    BUT…

    We don’t actually even know if there was anything contaminating yet. Like the CEO says: they didn’t have anything in there.

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