Johnson & Johnson said on Monday it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a landmark deal that could end a contentious legal battle that has dogged the company for a decade.

Johnson & Johnson Announces a Proposed Resolution of Ovarian Talc Litigation

Johnson & Johnson has offered to pay several billion dollars to resolve tens of thousands of lawsuits that allege its baby powder and talc products caused ovarian cancer.The…