J&J faces criminal probe related to baby powder - Bloomberg

July 12 (Reuters) - The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder, Bloomberg reported, citing people with knowledge of the matter.

A grand jury in Washington is looking into documents related to what company officials knew about any carcinogens in their products, according to the Bloomberg report https://news.bloomberglaw.com/product-liability-and-toxics-law/j-j-denials-of-as b e s t o s - i n - b a b y - p o w d e r - s p u r - c r i m i n a l - p r o b e - 1 .

J&J did not immediately respond to a Reuters request for comment.

Shares of the company fell 5% at $133.94 following the report. (Reporting by Ankur Banerjee in Bengaluru Editing by Chizu Nomiyama)