Tuesday, 28 Jan 2020 07:45 AM MYT
Gorsky told the jury that he had sold company shares in November 2018, two days after a Reuters reporter contacted the company and summarized in an email her review of documents that showed J&J knew small amounts of asbestos had been found in its talc on occasion since 1971. J&J faces more than 16,000 lawsuits alleging it sold powders contaminated with asbestos and failed to warn users. It also faces a federal criminal investigation into how forthright it has been about the products' safety.
He also acknowledged that he sold less than 10 per cent of his holdings in the company in that transaction and that the shares would be worth more now if he had held onto them.Gorsky was subpoenaed by plaintiffs' lawyers as a witness in a trial playing out in a courtroom near J&J headquarters.
In response to a question posed by plaintiffs' lawyers, Gorsky also told the jury he did not read all the internal company documents related to potential asbestos contamination in Baby Powder, including those contained in links in the Reuters report. Compelling his testimony “would serve no purpose other than to harass Mr. Gorsky and divert him from his executive responsibilities,” J&J said in a motion.In October, J&J disclosed that a contract lab for the US Food and Drug Administration had found asbestos in a bottle of Baby Powder produced in 2018. The company questioned the finding and commissioned tests on samples from the same bottle and talc from the same lot.
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