US Supreme Court rejects Johnson & Johnson talc fine appeal ...United Arab Emirates

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Washington: The US Supreme Court refused Tuesday to accept drugmaker Johnson & Johnson's appeal of a $2.1 billion (Dh7.7 billion) fine for selling baby powder containing cancer-causing asbestos. The decision kept in place a 2018 jury award against the company after a class action law suit, originally set at $4.7 billion but later slashed on appeal. As is common, the high court did not explain its decision, but left in place a federal appeals court judgment from last year supporting the fine. The company's shares were down 1.8 per cent at $166.16 after the decision. Two conservative judges on the court, Samuel Alito and Brett Kavanaugh, recused themselves from the decision. Alito has owned s

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Last updated : 03 June 2021 clock 11:45 AM

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US Supreme Court rejects Johnson & Johnson talc fine appeal ...United Arab Emirates

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