Bausch Health, J&J Reach Deal On Litigation Over Body Powder
23 Avril 2019 - 2:42PM
Dow Jones News
By Micah Maidenberg
Bausch Health Companies Inc. (BHC) struck a deal with Johnson
& Johnson (JNJ) related to litigation over a shower product
J&J sold to Bausch's predecessor company several years ago.
Bausch said in a filing Tuesday that J&J has agreed to
protect Bausch against potential liabilities it may face arising
from personal injury and product liability lawsuits connected to
the Shower to Shower body powder. The deal covers suits filed
before March 2020.
In addition, J&J will indemnify Bausch for any regulatory
actions related to the production, use or sale of the powder up to
early September 2012, Bausch said. J&J didn't immediately
respond to a request for comment.
Bausch Health's predecessor company, Valeant Pharmaceuticals
International, purchased the Shower to Shower powder from J&J
in September 2012, according to Bausch's annual report.
Since then, Bausch has been named in 165 lawsuits involved in
the product, the company said in its annual report. In some cases,
the company has been dismissed from the cases, Bausch said. But
other plaintiffs plan to file additional lawsuits, according to the
company.
Some of the cases allege that the Shower to Shower product
caused plaintiffs to develop ovarian cancer, according to Bausch.
The company said in the annual report that it plans on vigorously
defending itself in suits that haven't been dismissed.
In the filing Tuesday, Bausch said it had withdrawn a demand for
arbitration for J&J related to the scope and amount of
J&J's indemnification of Bausch related to the suits.
Write to Micah Maidenberg at micah.maidenberg@dowjones.com
(END) Dow Jones Newswires
April 23, 2019 08:27 ET (12:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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