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The Wall Street Journal: Johnson & Johnson says it’s been subpoenaed by SEC, Justice Department

Johnson & Johnson said Wednesday it received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission seeking documents related to the safety of its signature baby powder and other talc-containing products.

A J&J spokesman said the inquiries were related to news reports in December about product-liability lawsuits against the company, which caused J&J’s stock price to fall sharply. J&J JNJ, +0.49% disclosed the subpoenas in an annual report filed Wednesday with the SEC. The company said it would cooperate with the government inquiries and continue to defend itself in the product-liability litigation.

Sales of Johnson’s Baby Powder are relatively small for J&J, which recorded $81.6 billion in total company sales last year.

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