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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 ...
The present value of the settlement is roughly $8 billion after J&J recently agreed to kick in an additional $1.1 billion to the settlement fund and pay $650 million in legal fees to attorneys ...
J&J has prevailed in many of the ovarian cases tried to date, but the litigation has also resulted in some large verdicts for plaintiffs, including a $2.12 billion award in favor of 22 women who ...
“The nation’s largest nursing home pharmacy, Omnicare Inc. of Covington, Kentucky, will pay $98 million,” Assistant Attorney General Tony West announced, to settle charges that it “solicited and received kickbacks from a pharmaceutical manufacturer, Johnson & Johnson (J&J), in exchange for agreeing to recommend that physicians prescribe Risperdal, a J&J antipsychotic drug, to nursing ...
But J&J knew the numbers were worse than what the label said well before then. Sullivan knew from reading Kessler’s report in anticipation of the trial that he was on deck to testify that the company had studies as early as 2000—two years before Austin Pledger got his prescription with a label that still said “rare”—that showed 5.5 ...
A J&J manager told one sales rep to be sure to include “lollipops and small toys” in the sample packages she gave to doctors. “At first, we had lottery daydreams,” recalls Starr’s husband, Jason, who works in real estate. “But the lawyers never mentioned any numbers.” Through fall 2003 and into the new year, Vicki Starr remained ...
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.
18 J&J, and Janssen Research & Development 19 20 WEIL, GOTSHAL & MANGES, LLP BY: DIANE P. SULLIVAN, ESQUIRE 21 ALLISON BROWN, ESQUIRE (admitted pro hac vice) 22 301 Carnegie Center, Suite 303 Princeton, New Jersey 08540 23 T: 609-986-1100 F: 212-310-8007 E-mail: diane.sullivan@weil.com