At the heart of the ruling are the "marketing and promotion" of the drugs that "created a nuisance" as defined by law. As the penalty was smaller than some anticipated, the company's stock rose shortly after it was handed down. Johnson & Johnson plans to appeal the ruling.
Read the full article from CNBC.
Estimated reading time: 0 minutes, 24 seconds
Johnson & Johnson Hit with $572M Fine by Oklahoma Judge
Johnson & Johnson has been deemed accountable for contributing to the nation's opioid epidemic and has been ordered to pay $572 million by an Oklahoma judge. So reports CNBC.
Most Read
-
-
Apr 07 2013
-
Written by PLP News
In a sensational case that has reportedly “grabbed the attention…
-
-
-
Mar 31 2013
-
Written by PLP News
A DLA Piper associate’s e-mail stating “that bill shall know…
-
-
-
Jan 26 2014
-
Written by PLP News
A 55-year-old attorney at White & Case, who recently filed…
-
-
-
Feb 08 2014
-
Written by Administrator
HTML Sitemap Contact Us Advertise Privacy Policy Subscription Policy Latest…
-