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J&J Faces Fraud Claims From Merger With Surgical Robot Firm

 
• By Elizabeth Orr

Investors in surgical robotics company Auris say Johnson & Johnson failed to support the company per their merger agreement.

Surgery performed by robotic arm

Investors who say they lost money from Ethicon’s April 2019 merger with surgical robotics company Auris have sued Ethicon, parent company Johnson & Johnson, and several executives in Delaware state court.

The investor group, Fortis Advisors, said in a complaint filed earlier this month in Delaware Chancery Court that Ethicon didn’t uphold promises made during the merger that it would...

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More from Policy & Regulation

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