> Legal proceedings related to talc or talc-containing products, such as Johnson’s Baby Powder, sold outside the United States and Canada (pursuant to the Separation Agreement, Johnson & Johnson will retain talc-related liabilities for products sold in the United States and Canada), including personal injury claims alleging that talc causes cancer, and other risks and uncertainties related to our historic or current sale of talc or talc-containing products (talc-based Johnson’s Baby Powder will be discontinued globally in 2023).
I wonder if J&J was doing this with the assumption that they had succeeded with LTL! If this ruling isn’t reversed, you have J&J with the US & Canada talc liabilities and Kenvue with the RoW talc liabilities!
https://www.sec.gov/Archives/edgar/data/1944048/000162828023...