Johnson & Johnson

NYSE:JNJ   3:59:59 PM EDT
165.75
+1.67 (+1.02%)
4:50:40 PM EDT: $166.05 +0.30 (+0.18%)
Debt Financing / Related, Bankruptcy / Related

Johnson & Johnson Takes Steps To Equitably Resolve All Current And Future Talc Claims

Published: 10/14/2021 22:34 GMT
Johnson & Johnson (JNJ) - Johnson & Johnson Takes Steps to Equitably Resolve All Current and Future Talc Claims.
Johnson & Johnson Takes Steps to Equitably Resolve All Current and Future Talc Claims.
J&j - Ltl Management Llc Has Filed for Voluntary Chapter 11 Bankruptcy Protection.
J&j - Has Agreed to Provide Funding to Ltl for Payment of Amounts Bankruptcy Court Determines Are Owed by Ltl.
J&j - Determination of an Appropriate Amount to Resolve All Current and Future Claims Will Be Decided by Bankruptcy Court in Chapter 11 Proceedings.
J&j - $2 Billion Trust Will Be Established to Facilitate an Efficient Resolution of Claims.
J&j - Ltl Has Been Allocated Certain Royalty Revenue Streams With a Present Value of Over $350 Million to Further Contribute to Potential Costs.
J&j - While Ltl Pursues Equitable Resolution, All Cosmetic Talc Cases Will Be Stayed Pending Outcome of Proceedings.
J&j - Johnson & Johnson and Its Other Affiliates Did Not File for Bankruptcy Protection and Will Continue to Operate Their Businesses As Usual.