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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 ...
J&J's proposed settlement would pay talc claimants about $10 billion over 25 years. The present value of the settlement is roughly $8 billion after J&J recently agreed to kick in an additional $1. ...
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 ...
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 ...
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.
But the Arkansas case wasn’t the J&J lawyers’ top concern that day. They were more worried, according to one company lawyer, about a brief that Boston federal prosecutors had just filed with a judge contesting the company’s refusal to make Alex Gorsky available for a deposition in its civil suit over the Risperdal/Omnicare nursing home case.
Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion.
The jury also held that J&J should pay punitive damages to punish it for including talc in its products. Yahoo Finance Senior healthcare reporter Anjalee Khemlani contributed to this report.