TEXAS / LONDON (IT BOLTWISE) – Texas Attorney General Ken Paxton has filed a lawsuit against Tylenol maker Kenvue to prevent the payment of $400 million in dividends. This action comes as part of a lawsuit in which Texas accuses the company of failing to adequately inform consumers about the possible risks of taking Tylenol during pregnancy.
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Texas Attorney General Ken Paxton has taken a notable legal initiative by filing a motion to block Tylenol maker Kenvue’s payment of $400 million in dividends. This action comes amid ongoing litigation in which Texas is accusing the company of failing to adequately provide information about the potential risks of taking Tylenol during pregnancy. The lawsuit claims that taking the drug may be linked to an increased risk of autism in children.
Requesting a halt to dividend payments is an unusual step, particularly early in a legal dispute. Typically, companies have broad authority over how they handle their dividends. However, Texas cites a specific law that allows the state to intervene when a company is on the verge of bankruptcy and the funds may be needed to pay creditors.
The scientific basis of the lawsuit is controversial. While some studies suggest a correlation between Tylenol use and autism in children, other research that takes genetic factors or sibling comparisons into account has refuted these findings. The medical community agrees that the evidence is insufficient to establish a definitive link.
Kenvue has already taken legal action to deny the allegations, calling the claims scientifically untenable. The company argues that this lawsuit is not only politically motivated, but could also have a negative impact on public health by stoking unfounded fears.
This legal dispute comes against the backdrop of a broader trend in which companies are increasingly confronted with legal challenges that threaten their financial stability and market position. The Texas court’s decision could have far-reaching implications for the way companies deal with potential liability risks in the future.
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