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J&J has announced plans to finalize a $6.48 billion global settlement through the bankruptcy of a subsidiary company, after earlier efforts were rebuffed twice by federal courts. J&J says the ...
The increase would boost the size of the settlement to more than $9 billion paid over 25 years. J&J on Wednesday said it reached an agreement with a plaintiffs' lawyer representing 12,000 clients ...
That would cap its liability for all existing and future talc claims at the $8 billion it agreed to place in a settlement trust. J&J agreed to fund the proposed settlement trust over 25 years.
The man who is now Johnson & Johnson’s chairman and chief executive got a 48 percent raise, to $25 million, in 2014—the year after the government settlement was completed for $2.2 billion, the components of which included the largest criminal fine and civil damages payment ever stemming from the illegal marketing of one drug.
Eric Holder said that J&J “recklessly put at risk the health of some of the most vulnerable members of our society.” Associated Press ‘Our Moral Compass’ Less than two weeks after the settlement, Barron’s published an exclusive interview with Gorsky. In recounting the challenges he confronted as he took over the company—the Tylenol ...
For 129 years, New Brunswick has served as the headquarters of J&J, America’s seventh most valuable public company. With consumer products from Band-Aids to baby powder, Neutrogena to Rogaine, Listerine to Visine, Aveeno to Tylenol and Sudafed to Splenda, Johnson & Johnson is the biggest and, according to multiple surveys , most admired ...
The New Brunswick, New Jersey-based drugmaker had agreed last October to a $4 billion settlement framework negotiated with a group of state attorneys general. Paul Hanly, a lead attorney for local ...
The following is a list of the 20 largest settlements reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2013, ordered by the size of the total settlement. The settlement amount includes both the civil (False Claims Act) settlement and criminal fine.