Johnson & Johnson faced another setback in its $10 billion talc litigation. A judge denied their third settlement attempt, citing improper means. The company has been challenged by over 60,000 plaintiffs since the 2010s.
- The company gained support from 85% of plaintiffs.
- J&J stock dropped 5% following the ruling.
- J&J will return $7 billion previously set for bankruptcy.
- Last year, J&J made $20 billion in free cash flow.
| Important Numbers | Details |
|---|---|
| Settlement Attempt | Third Denied |
| Plaintiffs | Over 60,000 |
| Stock Drop | 5% |
| Proposed Settlement | $8 Billion |
