Reported Earlier, Johnson & Johnson Ordered To Pay $15M In Connecticut Asbestos Case, Facing Potential For Punitive Damagesjnj
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has been ordered to pay $15 million in compensatory damages in a Connecticut asbestos case, with the potential for additional punitive damages. J&J subsidiaries were also defendants in the lawsuit.
October 16, 2024 | 6:26 am
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Johnson & Johnson has been ordered to pay $15 million in a Connecticut asbestos case, with potential for punitive damages. This legal setback could impact J&J's financials and stock price.
The legal ruling against J&J, involving a significant payout and potential for further punitive damages, is likely to negatively impact investor sentiment and the stock price in the short term. Legal issues can lead to financial liabilities and reputational damage.
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