Johnson & Johnson has offered to pay about $4 billion to settle all lawsuits in the U.S. accusing the company of contributing to the opioid-addiction epidemic, according to people familiar with the matter. If completed, the deal would resolve more than 2,000 lawsuits by state and local governments alleging that J&J’s marketing of pain drugs… Continue reading J&J Offers $4 Billion Opioid Litigation Settlement
Tag: product liability
Judge Orders Pause in Opioid Litigation Against Purdue Pharma and Sacklers’ Image
Citing mounting costs of litigation that are siphoning funds that could otherwise go to abate the opioid crisis, a bankruptcy judge on Friday ordered a pause in legal action by states against Purdue Pharma and its owners, the Sacklers. The ruling was a setback for 25 states that have forcefully opposed a national opioid settlement… Continue reading Judge Orders Pause in Opioid Litigation Against Purdue Pharma and Sacklers’ Image
Prudential to Start Charging Same Insurance Rates to Vapers as Traditional Smokers
A change is coming to some people’s life and health insurance policies that will make them more expensive. Prudential recently announced it will consider e-cigarette users the same as traditional smokers. Smokers pay on average about 50% more per year for life insurance. Depending on the policy, that’s between $350 and $800 more. Some other… Continue reading Prudential to Start Charging Same Insurance Rates to Vapers as Traditional Smokers
Purdue Settlement Hinges on Deal with Justice Department, Documents Show
OxyContin maker Purdue Pharma LP’s plan to turn over its operations to creditors and see its owners, the Sacklers, exit the opioid business is contingent on first resolving U.S. Justice Department probes, court filings show. The disclosure emerged late Tuesday in a proposed term sheet Purdue filed in U.S. Bankruptcy Court in New York that… Continue reading Purdue Settlement Hinges on Deal with Justice Department, Documents Show
Juul Is Sued by School Districts that Say Vaping Is a Dangerous Drain on Their Resources
With school districts across the United States scrambling to reverse the rise of vaping among teenagers, three of them on Monday filed suit against Juul, the e-cigarette manufacturer, accusing it of endangering students and forcing educators to divert time and money to fight an epidemic of nicotine addiction. The school systems in St. Charles, Mo.,… Continue reading Juul Is Sued by School Districts that Say Vaping Is a Dangerous Drain on Their Resources
J&J Hit with $8 Billion Jury Award Over Antipsychotic Drug
A Philadelphia jury on Tuesday ordered Johnson & Johnson to pay $8 billion in damages to a Maryland man who said his use of J&J’s antipsychotic Risperdal as a child caused enlarged breasts and the company failed to properly warn of this risk. It was the biggest award to date among more than 13,000 lawsuits… Continue reading J&J Hit with $8 Billion Jury Award Over Antipsychotic Drug
Vaping-Linked Lung Injury Kills 18, Sickens 1,080 in U.S. Outbreak
Eighteen people have died from illnesses associated with e-cigarette use since March, US health authorities said Thursday, while more than a thousand others have suffered probable lung injuries linked to vaping. Officials have yet to identify the cause for the outbreak, which dates back to late March, and are pursuing multiple lines of investigation. A… Continue reading Vaping-Linked Lung Injury Kills 18, Sickens 1,080 in U.S. Outbreak
Sacklers Reaped Up to $13B from OxyContin Maker, U.S. States Say
OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company’s controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic. The wealthy Sacklers received the money from Purdue during an unspecified time frame, according to court… Continue reading Sacklers Reaped Up to $13B from OxyContin Maker, U.S. States Say
Johnson & Johnson Agrees to Settle Ohio Opioid Lawsuits for $20.4 Million
Johnson & Johnson on Tuesday said it has agreed to a $20.4 million deal to avoid an upcoming trial accusing the company of helping spark an opioid-addiction crisis in two Ohio counties. The settlement makes J&J the fourth drugmaker to reach such a deal ahead of the trial, slated to begin later this month in… Continue reading Johnson & Johnson Agrees to Settle Ohio Opioid Lawsuits for $20.4 Million
FTC Seeks Advertising, Sales Data on E-Cigarette Companies
The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe of their marketing practices. The announcement comes the same day the U.S. Centers for Disease Control and Prevention said the number of confirmed… Continue reading FTC Seeks Advertising, Sales Data on E-Cigarette Companies