Texas judge defers ruling on Kenvue dividend
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The company logo for Kenvue Inc. Johnson & Johnson's consumer-health business, is displayed on a screen during the company's IPO at the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. REUTERS/Brendan McDermid
(Reuters) -A Texas judge on Friday deferred ruling on state Attorney General Ken Paxton's bid to temporarily block Kenvue from paying a dividend to its shareholders, in connection with his lawsuit over the safety of Tylenol for pregnant women.
Judge LeAnn Rafferty in the Panola County courthouse in Carthage, Texas is also considering Paxton's request to temporarily restrict Kenvue's marketing of Tylenol in the state.
(Reporting by Jonathan Stempel in New York, Editing by Franklin Paul)
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