Johnson & Johnson Preparing To Disclose Supermajority Support For Talc Bankruptcy Settlement As Soon As Friday; Preparing To Have Subsidiary Seek Bankruptcy Protection To Consummate Talc Settlement As Soon As Next Week
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson is preparing to disclose supermajority support for a talc bankruptcy settlement and is planning to have its subsidiary seek bankruptcy protection to finalize the settlement as soon as next week.
August 14, 2024 | 4:24 pm
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Johnson & Johnson is preparing to disclose supermajority support for a talc bankruptcy settlement and plans to have its subsidiary seek bankruptcy protection to finalize the settlement.
The news indicates a significant legal development for Johnson & Johnson. While the settlement could resolve ongoing litigation, the bankruptcy protection for the subsidiary may have mixed implications for the stock. Investors may view the resolution of legal issues positively, but the bankruptcy aspect could raise concerns.
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