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Update: Market Chatter: Johnson & Johnson Convinces Court to Recalculate $1 Billion Auris Award
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Update: Market Chatter: Johnson & Johnson Convinces Court to Recalculate $1 Billion Auris Award
Mar 11, 2026 12:39 AM

06:55 AM EST, 01/14/2026 (MT Newswires) -- (Updates with Johnson & Johnson's ( JNJ ) response in the fourth paragraph.)

Johnson & Johnson ( JNJ ) convinced a US court to throw out part of a $1 billion damages award for breaching its 2019 agreement to buy surgical robotics firm Auris Health, Reuters reported Monday.

Delaware's Supreme Court ruled to reverse part of a 2024 award to former Auris shareholders, accusing Johnson & Johnson ( JNJ ) of failing to back the company's technology and win regulatory approval.

The Supreme Court nonetheless upheld most of a lower court's ruling, the report said.

Johnson & Johnson ( JNJ ) said it was pleased with the court decision "but we are disappointed that the court did not similarly follow the language of the contract in permitting the remainder of the trial court's decision to stand. We are evaluating next steps."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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