J&J Beats $258M Risperdal Verdict In Split La. High Court
Law360, New York (January 28, 2014, 8:11 PM EST) -- A split Louisiana Supreme Court on Tuesday nixed a $258 million jury award against Johnson & Johnson unit Janssen Pharmaceuticals Inc. over its marketing of the antipsychotic drug Risperdal, finding that the state failed to prove the companies defrauded Louisiana's Medicaid program.
In a significant win for J&J, the state high court ruled 4-3 to reverse an August 2012 appeals court decision that preserved a $258 million jury verdict against Janssen secured by state Attorney General James D. "Buddy" Caldwell. The nearly decadelong dispute stems from allegations that Janssen downplayed Risperdal's links to diabetes and touted its safety in an aggressive...
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