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. REUTERS/Yves Herman/File Photo
WILMINGTON, Delaware (Reuters) -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.
Vice Chancellor Lori Will of the Court of Chancery found after a two-week trial that J&J had breached a merger agreement and failed to support the acquired iPlatform technology, which would have led to increased payments to Auris shareholders.
