Johnson & Johnson shares are trading lower after a federal judge rejected the company's Chapter 11 filing for LTL Management.
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson's Chapter 11 filing for LTL Management has been rejected by a federal judge, causing the company's shares to trade lower.
July 31, 2023 | 4:23 pm
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NEGATIVE IMPACT
Johnson & Johnson's shares are trading lower due to the rejection of its Chapter 11 filing for LTL Management by a federal judge.
The rejection of Johnson & Johnson's Chapter 11 filing for LTL Management by a federal judge is a significant legal setback for the company. This negative news is likely to impact investor sentiment and cause a short-term drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100