Update: Supreme Court refuses to hear J&J appeal


I’m sure that will cause the stock to decline just a bit.

The Supreme Court on Tuesday declined to consider a Johnson & Johnson appeal that sought to challenge a $2.1 billion civil judgment awarded to 20 women who alleged the company’s talcum baby powder caused ovarian cancer.

The court rejected the J&J appeal in a brief written order, leaving in place a Missouri appeals court ruling against the company.

Wall Street Journal