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

(Reuters) – The U.S. Justice Division is pursuing a felony probe into irrespective of whether or not Johnson & Johnson lied about probably cancer hazards of its talcum powder, Bloomberg described, citing persons with facts of the topic.

A grand jury in Washington is hunting into paperwork linked to what company officers recognized about any carcinogens in their items and answers, in accordance to the Bloomberg report.

J&J did not promptly reply to a Reuters request for for remark.

Shares of the small business fell five% at $133.94 subsequent the report.

Copyright Reuter

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