Johnson & Johnson Accused of Stopping Robotics Competition in Merger

The complaint said Johnson & Johnson approached a potential merger partner for its Ethicon unit and offered upfront payment and billions of dollars in "earn-out" payments if the U.S. Food and Drug Administration approved its products and they sold well. The offer, plaintiffs said, would have imposed vast costs on them.

October 13, 2020 at 05:05 PM

3 minute read

Ellen Bardash

A lawsuit filed Monday in the Delaware Court of Chancery alleges a Johnson & Johnson subsidiary intentionally made misleading statements during a merger to cut down on robotic surgical device competition.