July 12, 2019 / 4:32 PM / in 5 days

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 here

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)

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