(Reuters) -Johnson & Johnson is expected to secure more votes in favor of its talc settlement plan after increasing its offer to claimants, which has swayed a longtime legal adversary, WSJ reported on Wednesday, citing people familiar with the matter.
J&J has increased its offer by $1 billion to roughly $9 billion to compensate women who alleged that the company’s talc baby powder caused them to develop gynecological cancer, the report added.
The new settlement terms have recently won support from Allen Smith, a tort lawyer who, along with another firm, jointly represents roughly 12,000 claimants, the report said.
(Reporting by Sriparna Roy in Bengaluru; Editing by Shinjini Ganguli)
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