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Stock impact report

Johnson & Johnson ordered to pay $1.7 million to three Australian women in pelvic mesh class action [Reuters]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Reuters
Johnson & Johnson ordered to pay $1.7 million to three Australian women in pelvic mesh class action MELBOURNE (Reuters) - An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2.6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants. The Federal Court of Australia awarded the three lead applicants in the class action lawsuit between A$555,555 and A$1.28 million, the company said. Issues common to the group in the class action, which numbers more than 1,350 women, will be determined in the coming days, paving the way for damages for the other applicants to be determined. “Today is a significant step forward, but there is still a way to go until all Australian women affected by these products receive compensation,” Jan Saddler, head of class actions for Shine Lawyers, which represented the women, said in a statement. In November, the court found J&J subsidiary Ethicon h Show less Read more
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