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Jonathan Capriel
December 26, 2025
Texas Judge Rejects Bid To Block Kenvue's $398M Dividend
2 min
AI-made summary
- A Texas state court denied Attorney General Ken Paxton's request to block Kenvue Inc., the maker of Tylenol, from marketing the drug as safe for children and pregnant women and from issuing a $0.20 per share dividend totaling nearly $400 million to shareholders
- Judge LeAnn Rafferty rejected the state's motion for a temporary restraining order
- The lawsuit, also naming Johnson & Johnson, seeks damages under the state's Deceptive Trade Practices Act and references recent FDA considerations regarding acetaminophen labeling.
Texas can't stop the makers of Tylenol from marketing the drug as safe for children and pregnant women or halt a nearly $400 million payment to shareholders, a state court ruled on Friday, rejecting arguments by Attorney General Ken Paxton's motion.
Judge LeAnn Rafferty of Panola County District Court denied the state's bid for a temporary restraining order, which would have blocked pharmaceutical company Kenvue Inc. from paying shareholders a scheduled $0.20 per share dividend.
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