Texas accuses Tylenol maker of ‘fraudulent transfer’ for announcing dividends payout to shareholders

The Texas Office of Attorney General (OAG) has taken legal action in Panola County by requesting the court to block a Texas-based company from paying out dividends to its investors.

This request comes as the OAG’s lawsuit against the company remains pending. The office aims to prevent any financial distributions that could affect the outcome of the ongoing legal proceedings.

Further updates will be provided as the case develops.
https://www.kxan.com/news/texas/texas-accuses-tylenol-maker-of-fraudulent-transfer-for-announcing-dividends-payout-to-shareholders/

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