A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from cancer, ruling that the company’s baby powder products caused her illness. Johnson & Johnson plans to appeal the verdict, denying that its talc products contain asbestos or cause cancer. The company previously tried to settle talc lawsuits through a $9 billion bankruptcy plan, which was rejected by a federal judge. With over 90,000 lawsuits pending, Johnson & Johnson has set aside $7 billion to manage bankruptcy-related matters. JNJ closed at $188.89 on Tuesday, up 0.39% on the NYSE.

Read more at Nasdaq: Johnson & Johnson Hit With $966 Mln Verdict In Talc Lawsuit