J&J to 'indemnify' Kenvue from any talc-related costs

 

• Johnson & Johnson (NYSE:JNJ) will be responsible for all talc-related claims in the US and Canada and will "indemnify" soon-to-be spun off Kenvue (KVUE) consumer health unit for any costs.
• "Johnson & Johnson (JNJ) has agreed to retain all the talc-related liabilities -- and indemnify Kenvue (KVUE) for any and all costs -- arising from litigation in the United States and Canada. Any suggestion to the contrary is false and misleading," Erik Haas, the healthcare giant's vice president of litigation, told Reuters.
• The Financial Times has reported that since the beginning of April, at least seven talc-related lawsuits has named Kenvue (KVUE).

https://www.msn.com/en-us/money/companies/j-j-to-indemnify-kenvue-from-any-talc-related-costs/ar-AA1au2fp