Johnson & Johnson's strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, but the healthcare conglomerate said it would challenge the ruling. The decision by the U.S.
3rd Circuit Court of Appeals in Philadelphia removed from bankruptcy the company's LTL Management unit, which was facing more than 38,000 legal claims tied to products such as its Johnson's baby powder. J&J shares were down about 3% in midday trading on the New York Stock Exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Don't expect costs to go down for consumers any time soon.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers-Shaw deadline extended to Feb. 17 as companies await government approval - National | Globalnews.caRogers Communications Inc and Shaw Communications Inc said on Monday they had extended the deadline for their $26 merger to Feb. 17 from January end,
Source: GlobalNational - 🏆 81. / 51 Read more »
Companies extend deadline to close Rogers-Shaw deal to Feb. 17The companies involved in the Rogers Communications Inc. deal to buy Shaw Communications have extended the deadline to complete the transaction. 🤗 Sadly within time most will comes to be Rogers...🇨🇦 Thanks Trudeau. This merger is deadly because there is absolutely no competition between telecommunication companies already. Clients go from one company to the other but it is all the same. Robbing the population. Supreme court is not impartial and that is sad to see.
Source: CP24 - 🏆 30. / 67 Read more »
Companies extend deadline to close Rogers-Shaw deal to Feb. 17If approved, the deal will see Rogers acquire Shaw, while Quebecor’s Videotron subsidiary will acquire Shaw’s Freedom Mobile wireless business.
Source: TorontoStar - 🏆 60. / 55 Read more »