Financial distress? Judge dismisses N.J. Fortune 500 company’s second bankruptcy attempt.

📆 31-07-23 19:03:00
📰 njdotcom

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A U.S. bankruptcy court judge found that the company was not in financial distress.

FILE - A bottle of Johnson's baby powder is displayed on April 15, 2011, in San Francisco.

Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability. Under a proposal announced Tuesday, April 4, 2023, a J&J subsidiary will re-file for Chapter 11 bankruptcy protection and seek court approval for a plan that would result in one of the largest product-liability settlements in U.S. history.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Curve Finance's Token Surges 500% on Bithumb After Major ExploitThe CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

U.S. stocks open higher as S&P 500, Nasdaq headed for fifth straight monthly gainU.S. stocks opened higher on Monday, the final session of July, as the three main indexes appeared poised for sizable monthly gains. The Dow Jones Industrial Average was little-changed at 35,470:
La source: MarketWatch - 🏆 3. / 97 Lire la suite »