The family of Mae Moore, a California resident who died at age 88 in 2021, sued the company the same year, claiming J&J's talc baby powder products contained asbestos fibers that caused her rare cancer. The jury late on Monday ordered J&J to pay $16 million in compensatory damages and $950 million in punitive damages, according to court filings.

you are viewing a single comment's thread
view the rest of the comments
[–] 29 points 1 year ago (6 children)

So what fraction of a percent of the profits they made is the $966m?

  • source
  • hideshow 6 child comments
  • [–] 13 points 1 year ago* (last edited 1 year ago) (3 children)

    Lets see, between its introduction in 1892 to its discontinuation in 2019 we can safely derive a global sales average of $273 million per year (accounted for inflation).

    2019-1892 = 127 years * $273 = $34.67 Billion.

    $966m penalty equates to a 3% deficit to its overall worldwide sales over the lifetime of the product. IE: Nothing.

  • source
  • parent
  • hideshow 3 child comments