Texas accuses Tylenol maker of 'fraudulent transfer' for announcing dividends payout to shareholders

AG Seeks To Stop Tylenol Manufacturer’s Shareholder Payouts During Litigation

The motion is a part of an ongoing case against Kenvue and Johnson & Johnson over the deceptive marketing of Tylenol. The post AG Seeks To Stop Tylenol Manufacturer’s Shareholder Payouts During Litigation 
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Texas accuses Tylenol maker of 'fraudulent transfer' for announcing dividends payout to shareholders

AUSTIN (KXAN) — The Texas Office of Attorney General, or OAG, asked a Panola County court on Wednesday to block a Texas company from paying out dividends to investors while its lawsuit against the company is pending. Previous: Paxton sues, accuses Tylenol maker of lying ‘for decades’ about alleged link with autism The OAG's Consumer Protection Division filed the lawsuit on Oct. 27. It accuses Johnson & Johnson and Kenvue of "failing to war…

Texas seeks to block Kenvue dividend amid Tylenol lawsuit

Texas Attorney General Ken Paxton asked a state judge on Thursday to block Kenvue from paying a nearly $400 million shareholder dividend this month, after suing the drugmaker for allegedly concealing risks to children from the use of Tylenol by…

Texas v. Tylenol Case Moves from Panola County Court to Federal Jurisdiction

A significant lawsuit initiated by the Office of the Attorney General of Texas has been quietly progressing through the legal system—beginning in Panola County and now transferred to federal court in Tyler.