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JNJ Facing Legal Action

Benzinga

1 Views • Sep 01, 2021

Description

Johnson & Johnson ($JNJ@US) is exploring a plan to offload liabilities from its Baby Powder litigation into a newly created business that would then seek bankruptcy protection. The company faces legal actions from several plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. Johnson & Johnson shares are down 0.5% at press time.

Keywords & Tags

#Johnson Johnson #lawsuit #JNJ #offload liabilities #Baby Powder litigation #bankruptcy protection #legal actions #several plaintiffs #talc products #contain asbestos #cause cancer #court #JNJ Facing Legal Action

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