johnson  johnson stock is rising in afterhours trading after the company announced a nearly 9 billion settlement over claims that its talcum powder causes cancer in a press release johnson  johnson said that its subsidiary ltl management would refile for bankruptcy protection and be funded with 89 billion over 25 years to cover talc liabilities “importantly neither ltl’s original filing nor this refiling is an admission of wrongdoing nor an indication that the company has changed its longstanding position that its talcum powder products are safe” the press release said