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.
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