NEW BRUNSWICK (dpa-AFX) - The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson (JNJ) lied about possible cancer risks of its talcum powder, the Bloomberg reported, citing people with knowledge of the matter.
Shares of J&J declined by 4.15 per cent to close at US$134.30, following the report.
The criminal probe, which hasn't been reported previously, coincides with a regulatory investigation and civil claims by thousands of cancer patients that J&J's Baby Powder talc was responsible for their illness.
J&J disclosed in its annual report in February that it had received subpoenas from the Justice Department and Securities and Exchange Commission related to the ongoing baby powder litigation.
Copyright RTT News/dpa-AFX
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