After Getting Caught LYING To The Public, Johnson & Johnson Is Paying For It BIG TIME!

It’s amazing the way that you can get the public to believe for so many years that something is safe when in reality it’s about as dangerous as setting yourself on fire.

For example, around a hundred years ago when rumors began circulating about the content of hot dogs that were being sold at Coney Island the main hot dog company at the time had a bunch of people in lab coats posing as doctors come up and buy hot dogs.

The idea was that if people saw doctors doing something that it was safe to eat.

Same thing with medical products. If a doctor tells you that something is alright to do, than chances the uninformed would just go ahead and do it with no reservations whatsoever because after all, a doctor said it was OK.

For decades, Johnson & Johnson has been telling people that their products were the safest on the market to use on ourselves and our children. Now that they have been caught in a lie about that they are having to pay for it.

Via The Blaze:

The stock market value for Johnson & Johnson dropped by 10 percent on Friday after a damaging report went public, causing the company to lose about $23 billion in value.

The report from Reuters drew the scandalous conclusions based on a review of deposition and trial testimony from 1971 into the early 2000s. The report claimed that the company knew that some tests of their raw talc and finished powder showed traces of asbestos.

Reuters claimed that company executives discussed the problem but did not disclose information about it to regulators or the public for decades.

Johnson & Johnson has been faced thousands of lawsuits claiming that exposure to their products raised the risk of cancer for their customers. A Missouri jury ordered the company to pay $4.69 billion in one case involving 22 women.

“An absurd conspiracy theory”

The Johnson & Johnson company responded by denying the report vehemently.

“Simply put, the Reuters story is an absurd conspiracy theory,” the statement read, “in that it apparently has spanned over 40 years, orchestrated among generations of global regulators, the world’s foremost scientists and universities, leading independent labs, and J&J; employees themselves.”

The company’s CFO Joseph Wolk addressed the issue at a CNBC event before the report surfaced.

“With respect to talc,” said Wolk, “we’re going to continue to defend that product which is used by consumers across the globe.”


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