Johnson & Johnson split cancer lawsuit liability and filed for bankruptcy to avoid huge compensation

Johnson & Johnson is using bankruptcy courts to resolve legal liabilities relating to its talc products, placing a new subsidiary under section 11 of the US Bankruptcy Code. The new company, called LTL Management LLC, filed for bankruptcy in North Carolina on Thursday. In court documents, the company listed up to $10 billion in assets and up to $10 billion in liabilities. Johnson & Johnson did not file for bankruptcy itself. Johnson & Johnson Executive Vice President Michael Ullman said in a statement: “We are taking these actions so that all parties involved in the cosmetic talc case understand the truth. Although we

新浪美股Oct 15, 2021 07:54

Boeing 737MAX's First Criminal Lawsuit: Former Chief Technical Pilot Charged with Fraud

The US Department of Justice said on Thursday that a former chief technical pilot of Boeing was accused of defrauding federal regulators in an evaluation of the company's 737 MAX aircraft to help the company save money. Mark Forkner (Mark Forkner), 49, has been charged with conspiring to defraud Boeing airline customers in the US and saving Boeing tens of millions of dollars. According to the indictment, Faulkner provided the US Federal Aviation Administration (FAA) with “seriously false, inaccurate, and incomplete information about the Maneuverability Enhancement System (MCAS), a new component of the Boeing 737 MAX flight control component, the Maneuverability Enhancement System (MCAS)

新浪美股Oct 15, 2021 07:40

Crude oil futures fell to a three-month low in a row.

Crude oil futures fell for the sixth day in a row on Thursday in the early morning of Beijing time, closing at their lowest level since May. The accelerated spread of COVID-19 mutant strains has worried the market about the demand outlook, and the rise in the US dollar has put further pressure on oil prices. Edward Moya, senior market analyst at Oanda, said: "the six-day decline in crude oil futures seems to have gone too far, but to stop the decline may require a signal from the Organization of the Petroleum Exporting countries and its allies (OPEC+) that it may delay plans to increase production." "the oil market is still in short supply, with US WTI crude falling below 60," he said.

新浪財經Aug 20, 2021 03:43

It is reported that Virgin Atlantic is considering listing on the London Stock Exchange

According to media reports, Richard Branson's Virgin Atlantic is considering an initial public offering and possibly listing on the London Stock Exchange to strengthen the company's finances. According to the report, Branson's Virgin Group owns 51% of the shares in British Crawley Airlines. The airline has been discussing a possible IPO with institutional investors. Insiders said that bankers from Citibank and Barclays have been hired to oversee this listing. Based on positive responses from institutional investors during discussions, the company may announce its IPO intentions in the fall. The initial public offering will be for Virgin Atlantic starting in 1984

新浪財經Aug 9, 2021 03:52