Johnson & Johnson (JNJ) has agreed to settle claims alleging that its baby powder and other talc products can cause cancer. The pharma giant agreed to pay $8.9 billion over a period of 25 years. The company announced this settlement in a Tuesday securities filing. It also stated that LTL Management, a subsidiary of the company, had filed for Chapter 11 bankruptcy protection once again after an earlier filing was rejected.

The filing also noted that the proposed resolution by Johnson & Johnson obtained support from over 60,000 claimants and it would need to get approval in bankruptcy court.

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Erik Haas, who is Johnson & Johnson’s worldwide vice president of litigation, released a statement describing the “proposed reorganization plan” as one that was “more equitable and more efficient” and that it enabled J & J to focus on positively impacting “health for humanity.” However, Haas refused to accept the claims against the talc products and called them “specious” and said that they lacked “scientific merit.”

The new proposal has received mixed reactions from the lawyers representing the plaintiffs, according to a report by CNBC.

Leigh O’Dell one of the lead attorneys who is representing plaintiffs in the lawsuit against J & J released a statement to the outlet which said that the company was “seeking an extremely deep discount on justice” and was “not really offering anything other than another bankruptcy and more delay, delay, and delay.”

She also described the new filing as “a shameful attempt to run out the clock on people dying of cancer” and as an attempt to “convince some lawyers to give up.”

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Mikal Watts, one of the lawyers of the plaintiffs who negotiated the settlement, said that the company had made a commitment “to fairly compensate these deserving women” who had been battling cancer allegedly caused due to the talc products and that their job was to get a fair settlement and described the settlement as “the culmination of a job well done.”

In an annual filing, Johnson & Johnson has paid $7.4 billion in litigation expenses for a period between 2020 and 2021. In March, the company said that the case would go up to the Supreme Court, if necessary.

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