Replies to post #27692 on The Rising Influence of Rising Affluence

[santafe2]

To answer this question we have to be able to scale the earplug lawsuit damages. If those damage claims come to about 20% as much as JNJ will be paying, then they're likely OK. If they equal the JNJ settlement that's about 18 months of net profit wiped out. JNJ nets about $26B a year and MMM nets about $5.5B. Can they really cut the number of actual damage cases by 90%? Does the average person get $100,000? That's about $2.5B and a manageable settlement. For me there are still too many questions.