Shortly after the opening bell, we will be exiting our position in Johnson & Johnson (JNJ), selling 500 shares at roughly $171 each.
Following Monday's trade, Jim Cramer's Charitable Trust will no longer own a position in J & J.
We are making the tough decision to exit our J & J position after the U.S. Bankruptcy Court for the District of New Jersey dismissed the bankruptcy plan of the company's subsidiary LTL Management.
LTL was created by J & J to silo the talc litigation.
How much more will Johnson & Johnson have to pay?
Persons:
Johnson, Jim Cramer's, LTL, we've, Jim Cramer, Jim, Brendan McDermid
Organizations:
U.S, Bankruptcy, District of New, LTL Management, Club, MarketEdge, CNBC, Traders, New York Stock Exchange
Locations:
Johnson, District of New Jersey, California, New York City