Shine Justice Agrees To Settle Australian J&J/Ethicon Mesh Class Actions

Shine Justice Ltd. has agreed to settle Australian J&J/Ethicon Mesh Class Actions. The class action was brought by Shine Lawyers on behalf of the group members represented by Kathryn Gill, Diane Dawson and Ann Sanders against Ethicon Sàrl, Ethicon, Inc. and Johnson & Johnson Medical Pty Limited. It is agreed to settle the actions for A$300 million.

Shine Justice Ltd. expects cash to be positively impacted in fiscal 2023 as a result of the reimbursement of work in progress. Administration of individual claims may now
proceed, which is expected to take several years, resulting in positive revenue and cash from fiscal 2023, Shine Justice said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, who recently took Twitter Inc. private in a $44-billion deal, accused Apple Inc. of threatening to block the social media platform from its app store without giving the reason. In a series of tweets on Monday, the Tesla founder and CEO also said the tech giant had stopped advertising on Twitter, and that it was pressuring the firm over content moderation demands. Payments platform Paysafe has inked a partnership deal with Richard Branson's Virgin Voyages to enable travelers to speedily and securely make online payments for reserving next cruise booking. Paysafe's travel solution will also help mitigate all payment risks for travelers. Shares of easyJet plc were losing around 4 percent in the morning trading in London after the British low-cost airline reported a loss in its fiscal 2022. However, the loss was narrower than last year with strong growth in revenues as demand returned. Looking forward, easyJet projects first-quarter load factor growth of approximately 10 percentage points year-over-year.
Follow RTT