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Johnson & Johnson Comes to $10M Settlement In Ohio

By John F. Heerdink, Jr.

Reportedly, JJohnson & Johnson (JNJ) along with its Janssen Pharmaceutical Companies have entered a settlement agreement with the Ohio counties of Cuyahoga and Summit settling all the claims for a combined payment of $10 million with no further admission of liability. The settlement has also removed the company from the federal trial which was scheduled to begin October 21, 2019. J&J who claims to be actively participating and helping communities to meet Opioid crisis has also agreed to reimburse counties legal and other expenses incurred in preparation for the trial at $5 million. Additionally, the company will contribute $5.4 million to non-profit organizations working for the Opioid-related cases in the above two counties.

J&J claimed to be open to take appropriate and corrective actions for the overall opioid litigation in the country. The company defended to have responsibility marketed DURAGESIC®, NUCYNTA®, and NUCYNTA® ER which accounting for less than one percent of the total opioid crisis int the country.

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.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Johnson & Johnson Reaches Settlement Agreement with Two Ohio Counties Ahead of Upcoming Opioid Trial in PR Newswire)


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