The collapse of Johnson and Johnson Stock (JNJ) today is setting up to be the worst single day since 2002. This is back to the baby talc issue of whether the product did contain low levels of asbestos which may cause ovarian or other forms of cancer.
The company has faced a number of lawsuits in this regard and lost a suit in July 2018 in which they were ordered to pay $4.9 billion to a case of 22 women and their families, but Johnson and Johnson indicates they are appealing the verdict.
Today’s report from Reuters takes the issue a step further in their claim that the company knew of issues with the product as early as 1971 through to the early 2000’s.
The rest of this Johnson and Johnson Stock (JNJ) trade article is for FullyInformed Members.
Johnson and Johnson Stock (JNJ) Trade Alert for Fri Dec 14 2018