"Johnson & Johnson Wins Over Longtime Holdout For Talc Settlement; Tort Lawyer Allen Smith Now Backs J&J's Settlement Plan After The Company Raised Its Offer To Roughly $9B, Sources Say" - WSJ
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Johnson & Johnson has increased its talc settlement offer to approximately $9 billion, gaining support from a key legal adversary, Allen Smith. This move is expected to secure more votes in favor of the settlement plan.
September 04, 2024 | 8:12 pm
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Johnson & Johnson has increased its talc settlement offer to $9 billion, gaining support from a key legal adversary, Allen Smith. This move is expected to secure more votes in favor of the settlement plan.
The increase in the settlement offer and the support from a key legal adversary are positive developments for J&J, potentially reducing legal uncertainties and liabilities. This could positively impact the stock price in the short term.
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