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BRIEF-Bausch Health And Johnson & Johnson Reach Deal Regarding Scope Of Indemnification Relating To Shower To Shower Covered Matters

Published 2019-04-23, 07:29 a/m
BRIEF-Bausch Health And Johnson & Johnson Reach Deal Regarding Scope Of Indemnification Relating To Shower To Shower Covered Matters
BHC
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April 23 (Reuters) - Bausch Health Companies Inc BHC.TO :

* BAUSCH HEALTH - CO AND JOHNSON & JOHNSON REACHED DEAL ON APRIL 17, REGARDING SCOPE OF INDEMNIFICATION RELATING TO SHOWER TO SHOWER COVERED MATTERS

* BAUSCH HEALTH COMPANIES - AGREED TO DISMISS DEMAND FOR ARBITRATION THAT CO FILED AGAINST JOHNSON & JOHNSON TO ASSERT ITS RIGHTS TO INDEMNIFICATION

* BAUSCH HEALTH COMPANIES INC - JOHNSON & JOHNSON WILL FULLY INDEMNIFY COMPANY IN COVERED MATTERS

* BAUSCH HEALTH COMPANIES - DON'T BELIEVE THAT COVERED MATTERS WILL HAVE A MATERIAL IMPACT ON COMPANY'S FINANCIAL RESULTS GOING FORWARD

* BAUSCH HEALTH COMPANIES - COVERED MATTERS INCLUDE PERSONAL INJURY & PRODUCTS LIABILITY ACTIONS ARISING FROM ALLEGED EXPOSURE TO SHOWER TO SHOWER BEFORE MARCH 2020

* BAUSCH HEALTH - COVERED MATTERS INCLUDE CONSUMER FRAUD, CONSUMER PROTECTION, FALSE ADVERTISING, REGULATORY ACTIONS DUE TO MANUFACTURE, USE/SALE OF SHOWER TO SHOWER UP TO SEPT. 9, 2012

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