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J&J says no legal reserves needed amid wave of lawsuits

Johnson & Johnson won't set aside any legal reserves for the more than 100,000 lawsuits it faces across its portfolio of drugs, consumer products and medical devices, saying it expects to fight and win many of the claims.

Johnson & Johnson was ordered to pay the state of Oklahoma $572 million for the destruction caused by opiods, after a judge in Oklahoma ruled that the company underplayed the dangers of prescription painkillers. (Kristoffer Tripplaar/Sipa USA/TNS)
Johnson & Johnson was ordered to pay the state of Oklahoma $572 million for the destruction caused by opiods, after a judge in Oklahoma ruled that the company underplayed the dangers of prescription painkillers. (Kristoffer Tripplaar/Sipa USA/TNS)Read moreKris Tripplaar / MCT
    by Riley Griffin, Bloomberg
    Published