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J&J AcuVue Class Action Settlement Immaterial Due To Existing Reserves

This article was originally published in The Gray Sheet

Executive Summary

A proposed settlement of a Johnson & Johnson AcuVue contact lens class action suit valued at up to $860 mil. will not have a material impact on financial results due to existing litigation reserves, the firm says. A preliminary hearing on the settlement proposal, announced April 17, is set for May 18.

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