J&J Charged With Penalty Of $572 Million By Oklahoma Court Over Opioid Crisis

By John Heerdink LinkedIn

Reportedly, Johnson & Johnson (JNJ) along with its subsidiaries have been charged with a penalty of $572 million for fueling the opioid crisis in the state of Oklahoma by Thad Balkman, Cleveland County District Judge on Monday.

“The opioid crisis has ravaged the state of Oklahoma,”. “It must be abated immediately,” stated Thad Balkman’s before announcing the judgment.

Charges claimed that J&J along with its subsidiaries, Noramco, and Tasmanian Alkaloids, misled consumers by overstating how effective the drugs were for treating chronic pain and misguiding consumers on the risk of its addiction. As per reports, opioid overdoses have killed 4,653 people in the state from 2007 to 2017, argued Oklahoma Attorney General Mike Hunter and announced Johnson & Johnson as “kingpin” company” motivated with greed.

Dow 30 component Johnson & Johnson (JNJ) is a worldwide healthcare focused company that embraces research and science so that it can provide customers with innovative ideas, products, and services. To learn more about Johnson & Johnson (JNJ) and to continue to track its progress visit the Vista Partners Johnson & Johnson Coverage Page.

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Judge orders drugmaker to pay $572 million in opioid lawsuit

An Oklahoma judge on Monday found Johnson & Johnson and its subsidiaries helped fuel the state’s opioid crisis and ordered the consumer products giant to pay $572 million, more than twice the amount another drug manufacturer agreed to pay in a settlement. Cleveland County District Judge Thad Balkman..

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