4 ms·
The overall point holds, but this is more like 0.75 years of profit, or less ($424B market cap x 2.76% dividend yield is a basic calculation, but there's all so
by chadash 4y ago
The overall point holds, but this is more like 0.75 years of profit, or less ($424B market cap x 2.76% dividend yield is a basic calculation, but there's all sorts of accounting reasons why this might underestimate actual profit).
- cma 4y agoHow much goes to lawyers?
- delecti 4y agoWouldn't a company like J&J have lawyers on retainer? If so, then their salary is already factored into their baseline annual costs.
- SoftTalker 4y agoThey would likely engage outside counsel for something like this.
- cma 4y agoIsn't the biggest lawyer payout likely going to the plaintiffs' laywers?
- celestialcheese 4y ago> An annual filing with the SEC shows that J&J paid $7.4 billion in litigation expenses between 2020 and 2021, with the majority spent on legal costs related to talc claims. https://njbiz.com/jj-offers-8-9b-to-settle-claims-talc-products-caused-cancer/ https://njbiz.com/jj-offers-8-9b-to-settle-claims-talc-produ... This is in addition to the settlement deal discussed here.
- missedthecue 4y agoThey've had a boost in recent years from COVID vaccines which will not be material over the coming years.