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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (1308645)7/19/2021 5:49:29 PM
From: Broken_Clock  Read Replies (2) of 1583507
 
Years.

You trust Big Pharma?

Exhibit A

July 18 (Reuters) - Johnson & Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.

During settlement discussions, one of the healthcare conglomerate’s attorneys has told plaintiffs’ lawyers that J&J could pursue the bankruptcy plan, which could result in lower payouts for cases that do not settle beforehand, some of the people said. Plaintiffs’ lawyers would initially be unable to stop J&J from taking such a step, though could pursue legal avenues to challenge it later.
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