Key Points
rose nearly 4% in early trading to hit a near two-month high of $164.48 on Wednesday as the company's $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue...
J.P. Morgan analyst Chris Schott said in a note the settlement amount was in-line with the brokerage's estimate of $8 billion to $10 billion...
The support of 60,000 plaintiffs represents a supermajority of 75% required for a judge to approve J&J's restructuring plans, TD Cowen analyst Joshua Jennings said in a note...
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Johnson & Johnson proposes $8.9 bn settlement for talc cancer claims
05, Apr, 23US pharmaceutical giant Johnson & Johnson put forth a $8.9 billion settlement to resolve lawsuits claiming that its talcum powder products contain traces of asbestos which could lead to ovarian cancer.
J&J proposes paying $8.9B to settle talcum powder lawsuits
05, Apr, 23Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby powder containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability.
J&J says it has settled some talc claims, will continue bankruptcy strategy
06, Dec, 23Johnson & Johnson's (JNJ.N) worldwide vice president for litigation said on Tuesday that the company has recently reached settlements with several law firms over their clients' claims that J&J talc products caused cancer.
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29, Jun, 23The lead negotiators for Johnson & Johnson's proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal.
Sensex, Nifty hit record highs in special trading session; Paytm shares fall
02, Mar, 24The S&P BSE Sensex rose to an all-time high of 73,982.12 before paring gains; the NSE Nifty50 also hit a record high initially.
J&J must pay $18.8 million to California cancer patient in baby powder suit
19, Jul, 23J&J has said its talc products are safe and do not contain asbestos, which has been linked to mesothelioma.
US judge halts most talc lawsuits against J&J, stops trials
21, Apr, 23A U.S. judge on Thursday halted most of the tens of thousands of lawsuits alleging Johnson & Johnson’s baby powder and other talc products caused cancer and stopped any trials as part of a company subsidiary’s second attempt to settle cases in bankruptcy proceedings.
J&J settles first talc cases to go to trial after failed bankruptcies
17, Nov, 23Johnson & Johnson (JNJ.N) on Thursday said it has settled two lawsuits claiming its talc products caused cancer, the first such cases to go to trial since a federal court rejected the company's plan to move its talc liabilities into bankruptcy court.