J&J faces criminal probe related to baby powder: Bloomberg

 J&J faces criminal probe related to baby powder: Bloomberg

(Reuters) - The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder, Bloomberg reported, citing people with knowledge of the matter.

A grand jury in Washington is looking into documents related to what company officials knew about any carcinogens in their products, according to the Bloomberg report https://news.bloomberglaw.com/product-liability-and-toxics-law/j-j-denials-of-asbestos-in-baby-powder-spur-criminal-probe-1.

J&J did not immediately respond to a Reuters request for comment.

Shares of the company fell 5% at $133.94 following the report.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Chizu Nomiyama)

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Updated Date: Jul 13, 2019 00:05:28 IST