USA

American vaccine manufacturer is working on a bankruptcy plan

American vaccine manufacturer is working on a bankruptcy plan

The American company Johnson & Johnson (J&J) is considering the possibility of creating and subsequent bankruptcy of a subsidiary that will be transferred obligations for litigation in the case of one of its products, reports Reuters.

In particular, we are talking about baby powder, which is supposed to cause cancer.

The company’s lawyers are currently discussing possible options for resolving this dispute with the plaintiffs ‘ lawyers. According to the agency’s sources, during these discussions, one of the representatives of J&J said that the company could go down the path of bankruptcy, which would reduce some compensation to the victims.

According to the publication, Johnson & Johnson has not yet made a final decision on a possible bankruptcy.

Earlier, J&J said that their   developed by it is effective against the “delta” strain of COVID-19.



Leave a Reply

Your email address will not be published. Required fields are marked *