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J&J ordered to pay $572 mln in Oklahoma opioid case

Video Credit: Reuters Studio - Duration: 01:19s - Published < > Embed
J&J ordered to pay $572 mln in Oklahoma opioid case

J&J ordered to pay $572 mln in Oklahoma opioid case

An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 million.

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J&J ordered to pay $572 mln in Oklahoma opioid case

Judge Thad Balkman of Cleveland County District Court in Norman, Oklahoma delivered his decision in a lawsuit alleging that J&J's marketing practices helped fuel the opioid epidemic by flooding the market with painkillers.

J&J shares rose 5% following the decision.

The case brought by Oklahoma Attorney General Mike Hunter was the first to go to trial out of thousands of lawsuits filed by state and local governments against opioid manufacturers and distributors.

Hunter had been seeking to make J&J pay $17 billion to help the state address the epidemic for the next 30 years through addiction treatment and prevention programs. The trial came after Oklahoma resolved claims against OxyContin maker Purdue Pharma LP in March for $270 million and against Teva Pharmaceutical Industries Ltd in May for $85 million, leaving J&J as the lone defendant.




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