Johnson & Johnson’s decision to pay up to $8.9 billion over 25 years to settle claims connected with cosmetic-talc litigation is a positive for the stock as...
Johnson & Johnson’s JNJ decision to pay up to $8.9 billion over 25 years to settle claims connected with cosmetic-talc litigation is a positive for the stock as it removes the overhang of negative headlines, JP Morgan analysts said Wednesday. “A settlement could significantly accelerate the timeline for talc litigation resolution relative to ongoing litigation and the $8.9 billion committed is in-line with our $8-10 billion estimate ,’ analysts wrote in a note to clients.
“A settlement could significantly accelerate the timeline for talc litigation resolution relative to ongoing litigation and the $8.9 billion committed is in-line with our $8-10 billion estimate ,’ analysts wrote in a note to clients. “And while there is still uncertainty on if this bankruptcy re-filing will be accepted by all parties involved, we do note that JNJ has secured commitments from over 60,000 current claimants to support a global resolution on these terms.
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