Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal

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WILMINGTON, Delaware :Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday.

FILE PHOTO: The logo of Johnson & Johnson is seen on the top of a Brussels' office of the company in Diegem, Belgium September 21, 2023.

J&J also said the ruling had no bearing on its current robotics program.

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Category: EconomyBusiness

Markets: SingaporeBelgium

Topics: Shareholders Auris Johnson Court Robotics Acquired Company Billion Agreement Ruling

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 00:42:24 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22368113

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