Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal


FILE PHOTO The logo of Johnson amp Johnson is seen on the top of a Brussels office of the company in Diegem Belgium September 21 2023.  REUTERSYves HermanFile Photo

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.


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