Oklahoma prevails in landmark opioids trial, but $572 million isn’t the “eye-popping” judgement some had anticipated
A judge has ordered Johnson & Johnson to pay $572 million to Oklahoma for its role in fueling the state’s opioid crisis, in a highly anticipated ruling likely to have implications for a mass of litigation across the country challenging opioid makers and distributors.
The damages appeared to be smaller than Wall Street was expecting, as stocks of companies involved in opioid litigation spiked upward after the ruling. Wells Fargo analysts earlier said they believed Johnson & Johnson could have faced a payout of more than $2 billion in the Oklahoma lawsuit. "It may not be the billions that some people were projecting, but this precedent, from the standpoint of the plaintiffs, is a green light,” said Thomas Cooke, a professor at Georgetown University’s McDonough School of Business. “Had this verdict been in favor of Johnson & Johnson, the impact would have been devastating on future cases."
Oklahoma originally named Purdue and Teva Pharmaceuticals in the same litigation. Before the case went to trial, Oklahoma settled with Purdue for $270 million in March, partially because the state feared the drugmaker would declare bankruptcy and avoid paying anything.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oklahoma judge orders Johnson & Johnson to pay $572M in opioid suitBREAKING: Oklahoma judge orders Johnson & Johnson to pay more than $572 million as part of a lawsuit about the spread of the opioid epidemic in the state.
Leer más »
Oklahoma judge rules against drugmaker, orders $572M paymentAn Oklahoma judge on Monday found Johnson & Johnson and its subsidiaries helped fuel the state&39;s opioid drug crisis and ordered the consumer products giant to pay $572 million to help abate the problem in the coming years. Cleveland County District Judge Thad Balkman&39;s ruling followed the first
Leer más »
Oklahoma judge orders Johnson & Johnson to pay $572M in opioid suitBREAKING: Oklahoma judge orders Johnson & Johnson to pay more than $572 million as part of a lawsuit about the spread of the opioid epidemic in the state.
Leer más »
Judge fines Johnson & Johnson $572 million for role in Oklahoma opioid caseJohnson & Johnson ordered to pay $572 million in Oklahoma opioid case
Leer más »
The Latest: Oklahoma judge finds J&J fueled opioid crisisNORMAN, Okla. (AP) — The Latest on Oklahoma's opioids case against Johnson & Johnson (all times local): 3:10 p.m. An Oklahoma judge has found Johnson & Johnson and its subsidiaries...
Leer más »
Oklahoma wins case against drugmaker in historic opioid trialIn a landmark decision, an Oklahoma judge on Monday ruled in favor of the state, ordering pharmaceutical giant Johnson & Johnson to pay for playing a role in the state's opioid crisis.
Leer más »