The New York Times
reports that in an
SEC filing this week, Johnson & Johnson disclosed it had been subpoenaed by the
Department of Justice and SEC regarding allegations that it led a decades-long
campaign to cover up asbestos in Baby Powder and other talc products.
This follows a
demand by Senator Patty Murray, member of the Senate Committee on Health, Education,
Labor and Pensions, for documents and data confirming that J&J’s
current talc products do not contain asbestos, as well as all communications
with the FDA and all promotional materials regarding J&J talc products
from 1966 to present.
Johnson & Johnson shares fell 1.4 percent on news of the Federal subpoenas.