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The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company’s listing at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid/Files
(Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday it settled with two Ohio counties, ahead of an opioid trial scheduled to begin on Oct. 21.
The company will make a combined $10 million settlement payment to the counties of Cuyahoga and Summi, it said in a statement, adding that the settlement removes it from the federal trial.
J&J will also reimburse $5 million of the counties’ legal and other expenses incurred in preparation for the trial, it added.
Reporting by Shubham Kalia in Bengaluru; Editing by Muralikumar Anantharaman
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