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Texas Moves to Stop Tylenol Maker to Halt Dividends
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Texas Moves to Stop Tylenol Maker to Halt Dividends
Texas Attorney General Ken Paxton is asking a judge to block the maker of Tylenol from distributing $400 million of dividends to its shareholders amid the state’s litigation against the company.It’s an “extraordinary request,” the state’s lawyers acknowledge, and one that legal experts say is extremely uncommon at such an early stage in a lawsuit.The state of Texas last month sued Kenvue, the company that makes Tylenol, claiming it failed to inf…
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