Her colossus Johnson & Johnson came today to settlement with 42 US statesagreeing to pay $700 million over allegations that it marketed the famous baby formula powder her and more carcinogenic talc-based products.

According to Reuters, this out-of-court settlement resolves allegations that Johnson & Johnson misled consumers into believing the talc products it sold for more than a century were safe.

In the settlement with the US states, led by Florida, North Carolina and Texas, the company pleaded not guilty and said its talc products are safe and do not cause cancer.

“This is an important step forward for consumer product safety,” Florida Attorney General Ashley Moody said in a statement.

However, J&J is still facing tens of thousands of lawsuits over carcinogenic talc products – as of March 31, some 61,490 people were still suing the company. Most were women with ovarian cancer, while a smaller number had mesothelioma, a type of cancer linked to asbestos.

Also, the giant based in New Brunswick, New Jersey, faces a collective action which accuses the company of “fraudulently concealing risks from shareholders.”