{"id":22013,"date":"2012-04-11T14:25:56","date_gmt":"2012-04-11T18:25:56","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=22013"},"modified":"2012-04-11T14:50:09","modified_gmt":"2012-04-11T18:50:09","slug":"and-11","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2012\/04\/11\/and-11\/","title":{"rendered":"and&#8230;"},"content":{"rendered":"<br \/>\n<blockquote>\n<div align=\"center\"><a target=\"_blank\" href=\"http:\/\/www.businessweek.com\/news\/2012-04-11\/jnj-told-to-pay-1-dot-1-billion-penalty-in-arkansas-risperdal-trial\"><u><strong><font color=\"#200020\">JNJ Told to Pay $1.1B in Arkansas Risperdal Trial<\/font><\/strong><\/u><\/a><br \/>     <strong><font color=\"#200020\">Bloomberg News<\/font><\/strong><br \/>     By  Eric Francis and Jef Feeley<br \/>     April 11, 2012<\/div>\n<p>   <\/p>\n<div align=\"justify\"><sup>JNJ&nbsp; was ordered to pay more than $1.1 billion by a judge after an Arkansas jury found the company&rsquo;s officials misled doctors and patients about the risks of the antipsychotic drug Risperdal. Judge Tim Fox in Little Rock, Arkansas, today found J&amp;J and its Janssen unit committed more than 238,000 violations of the state&rsquo;s Medicaid fraud laws by illegally marketing Risperdal over an almost four-year period starting in 2002. Fox found each violation carried a $5,000 fine, pushing the total to more than $1.1 billion.<\/p>\n<p>    The penalty is the largest of the three handed down so far against New Brunswick, New Jersey-based J&amp;J in state cases alleging the <span class=\"ticker_wrap\">second-biggest (<a href=\"http:\/\/investing.businessweek.com\/research\/stocks\/snapshot\/snapshot.asp?ticker=JNJ:US\">JNJ<\/a>)<\/span> maker of health products hid Risperdal&rsquo;s risks and tricked Medicaid regulators into paying more than they should have for the medicine. &ldquo;I think this ups the ante quite a bit on the other states&rsquo; cases targeting J&amp;J&rsquo;s Risperdal marketing,&rdquo; Carl Tobias, who teaches product-liability law at the University Richmond law school, said in a telephone interview today. &ldquo;I think the judge was sending a message &#8211; either settle these cases or litigate them at your peril.&rdquo;<\/p>\n<p>    A state jury concluded yesterday that J&amp;J&rsquo;s Risperdal marketing violated both Medicare fraud laws and Arkansas&rsquo;s deceptive trade practices statutes. Fox ordered the drugmaker to pay $11.4 million in penalties on the trade practices violations.&ldquo;We are disappointed with the judge&rsquo;s decision on penalties,&rdquo; Teresa Mueller, a spokeswoman for J&amp;J&rsquo;s Janssen unit, said in an e-mailed statement. &ldquo;If our motion for a new trial is denied, we will appeal&rdquo;&#8230;<\/sup><\/div>\n<\/blockquote>\n<blockquote>\n<div align=\"center\"><u><strong><a target=\"_blank\" href=\"http:\/\/www.pharmalot.com\/2012\/04\/jj-is-fined-1-billion-over-risperdal-marketing\/\"><font color=\"#200020\">J&amp;J Is Fined $1 Billion Over Risperdal Marketing<\/font><\/a> <\/strong><\/u><br \/>  <strong><font color=\"#004400\">Pharmalot<\/font><\/strong><br \/>  By Ed Silverman<br \/>April 11, 2012 <\/div>\n<p>  <\/p>\n<div align=\"justify\"><sup>&#8230; Overall, J&amp;J has not fared well in defending its Risperdal  efforts. Last year, the health care giant was ordered by a South  Carolina judge to pay $327 million for deceptive Risperdal marketing,  which he called detestable. And in 2010, a Louisiana jury ordered J&amp;J to pay $257.7 million in  damages for making misleading safety claims, and $73 million in legal  fees were later added. <\/p>\n<p>     In fact, the string of losses suggests J&amp;J needs to pursue a  settlement strategy. You may recall a deal with the feds unraveled after  the health care giant balked at paying more than $1 billion. That deal  had been reached prior to the recent settlement in Texas, however,  prompting the feds to then seek a higher payout.<strong> <\/strong>Sources  says the feds want J&amp;J to pay anywhere from $1.3 billion to more  than $1.8 billion and the Arkansas fine may embolden them to stand their  ground.<\/p>\n<p>     &ldquo;Johnson &amp; Johnson needs to wake up and realize they are playing a  losing game. They should be running, not walking, to the settlement  table,&rdquo; Patrick Burns of Taxpayers Against Fraud, a non-profit, tells  us. &ldquo;DoJ offered a global settlement for $1.8 billion last month. I am  not sure that deal is going to stay on the table after this&rdquo;&#8230;<\/sup><\/div>\n<\/blockquote>\n<div align=\"center\">\n<div><img loading=\"lazy\" decoding=\"async\" height=\"238\" border=\"0\" width=\"180\" src=\"http:\/\/1boringoldman.com\/images\/cards.gif\" \/><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JNJ Told to Pay $1.1B in Arkansas Risperdal Trial Bloomberg News By Eric Francis and Jef Feeley April 11, 2012 JNJ&nbsp; was ordered to pay more than $1.1 billion by a judge after an Arkansas jury found the company&rsquo;s officials misled doctors and patients about the risks of the antipsychotic drug Risperdal. Judge Tim Fox [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-22013","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/22013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=22013"}],"version-history":[{"count":6,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/22013\/revisions"}],"predecessor-version":[{"id":22019,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/22013\/revisions\/22019"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=22013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=22013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=22013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}