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Johnson & Johnson facing multiple investigations

Kentucky residents who used baby powder made by Johnson & Johnson may have been exposed to asbestos. There are roughly 13,000 plaintiffs with claims against the company, and it is also under investigation by multiple government agencies. The Securities and Exchange Commission and the Justice Department have both issued subpoenas after juries awarded millions to plaintiffs in California and New Jersey.

In addition, the ranking member of the Senate Committee on Health, Education, Labor and Pensions is also conducting an investigation into what the company may have known. Johnson & Johnson issued a statement saying that the investigations were based on information that was not accurate. Furthermore, it claims that news reports withheld information that is already available to the public. It further claims that lab testing over several decades has proven that its baby powder is safe to use.

The company's stock price fell 1.4 percent in reaction to the news. Johnson & Johnson's stock fell 17 percent after reports about asbestos in its baby powder first came out. According to the senate committee member, there is concern that the company may have tried to mislead the public and cover up evidence of potential harm to consumers. Both men and women could face health issues if they used the product.

Individuals who were exposed to asbestos in the home or at work may be at a higher risk of cancer or other health issues. An attorney may help a person show a direct link between health ailments and exposure to asbestos. This may be done by obtaining lab tests, calling expert witnesses or reviewing a plaintiff's medical records. If a claim is successful, an individual may be entitled to compensation for medical bills and other related costs.

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