A Circuit Court In Cook County, Illinois Has Denied A Request By Johnson & Johnson For A New Trial In A Mesothelioma Lawsuit Decided In April; Upholding A Jury Verdict And Award Of $45M
Portfolio Pulse from Benzinga Newsdesk
A Circuit Court in Cook County, Illinois, has denied Johnson & Johnson's request for a new trial in a mesothelioma lawsuit, upholding a $45 million jury verdict. The lawsuit was filed by the family of Theresa Garcia, who died from asbestos-related causes.
October 04, 2024 | 5:44 pm
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Johnson & Johnson's request for a new trial in a mesothelioma lawsuit was denied, upholding a $45 million verdict. This legal setback could impact JNJ's stock negatively in the short term.
The denial of a new trial request in a high-profile mesothelioma case represents a significant legal setback for Johnson & Johnson. The $45 million verdict being upheld could lead to negative investor sentiment and potential short-term stock price decline.
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IMPORTANCE 80
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