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The settlement amount includes both the civil (False Claims Act) settlement and criminal fine. Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, [1] and Pfizer’s $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine. [2]
The following is a list of the 21 largest civil settlements, reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2017, ordered by the size of the total civil settlement. Some of these matters also resolved criminal fines and penalties, listed in parentheses, but these amounts are not considered when ...
The lawsuits drove the company to declare bankruptcy in 1995, before it agreed to pay $2.3 billion to settle claims from 240,000 women in amounts ranging from $2,000 to $250,000 each in 2004 ...
On the trading day before the settlement was announced, Johnson & Johnson stock closed at $93.37. A week after the announcement, it closed at $94.29. A year later, as thousands of Risperdal personal injury suits were pending, it would close at $108.62.
Risperidone, sold under the brand name Risperdal among others, is an atypical antipsychotic [2] used to treat schizophrenia and bipolar disorder, [2] as well as aggressive and self-injurious behaviors associated with autism spectrum disorder. [9]
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could ...
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Still, it seemed that the company viewed the glass as half empty. On the eve of a third trial, scheduled for May, the company settled with Kline for what Sheller says “was a very generous amount.” Kline is now in talks to settle all 413 of his and Sheller’s cases. If settlement discussions fail, the next case is scheduled for trial in ...