Johnson & Johnson slapped with $1.2 billion penalty in Arkansas for using fraudulent

Results 1 to 8 of 8
  1. #1
    Senior Member
    ADMINISTRATOR
    Prince's Avatar


    Join Date
    Nov 2000
    Gender
    Male
    Location
    Panama
    Posts
    63,087
    Rep Points
    2147483647

    Johnson & Johnson slapped with $1.2 billion penalty in Arkansas for using fraudulent






    Johnson & Johnson slapped with $1.2 billion penalty in Arkansas for using fraudulent tactics to sell Risperdal
    Monday, April 16, 2012
    by Ethan A. Huff, staff writer

    (NaturalNews) The chickens are coming home to roost for drug giant Johnson & Johnson (J&J), as a jury in Arkansas has found the company guilty of fraudulently marketing and selling the antipsychotic drug Risperdal. But this time, the penalty for J&J's crimes is a whopping $1.2 billion which, to date, collectively totals more than $2 billion in fines and settlements the company has already had to shell out just for cases involving Risperdal.

    Reuters reports that a jury at Pulaski County Circuit Court in Little Rock, Ark., recently found J&J guilty of illegally marketing Risperdal for unapproved uses, bilking the Arkansas state Medicaid insurance program for millions of dollars, and withholding the truth about the drug's deadly side effects. The consequence is that J&J will have to pay out $5,000 for each of the 240,000 Risperdal prescriptions the state Medicaid program paid for during a three and a half year period, as well as $2,500 for the more than 4,500 letters the company sent to Arkansas doctors.

    "(The ruling) sends a clear signal that big drug companies like Johnson & Johnson and Janssen Pharmaceuticals (a division of J&J) cannot lie to the (U.S. Food and Drug Administration), patients and doctors in order to defraud Arkansas taxpayers or our Medicaid dollars," Arkansas Attorney General Dustin McDaniel is quoted as saying by BusinessWeek in response to the ruling.

    The decision is likely to set a precedent for the dozens of other state lawsuits filed against Janssen Pharmaceuticals, the division of J&J responsible for Risperdal, that await proper hearings. Though earlier lawsuits against J&J involving Risperdal have already been settled in Louisiana, Texas, and South Carolina, the company has many more cases coming up that it now stands to lose, and rightfully so.

    The U.S. Department of Justice filed a lawsuit against J&J back in 2010 as well, alleging that the company paid tens of millions of dollars to nursing home pharmacies to push its drugs on patients, even when cheaper and more effective alternatives were available (Johnson & Johnson engaged in elaborate drug profit kickback scheme, says Dept. of Justice lawsuit). And the culmination of this lawsuit, of course, has been a cascade of state and local lawsuits filed against J&J.

    "These two companies put profits before people, and they are rightfully being held responsible for their actions," added McDaniel. "Most attorneys general can do the math, and there's no reason for any state to settle (their lawsuits against J&J) if they can win really big numbers in court."

    Sources for this article include:
    Business & Financial News, Breaking US & International News | Reuters.com
    Arkansas judge fines J&J $1.1B in Risperdal case - BusinessWeek
    Johnson & Johnson engaged in elaborate drug profit kickback scheme, says Dept. of Justice lawsuit





    IronMagLabs 15% Discount Code: Robert15



    IronMag Research 15% Discount Code: Robert15



  2. #2
    Registered User
    ebn2002's Avatar


    Join Date
    Sep 2009
    Gender
    Male
    Location
    Detroit
    Posts
    516
    Rep Points
    98740871

    They reported earnings today.

    "Johnson & Johnson said net income rose to $3.91 billion, or $1.41 per share, from $3.48 billion, or $1.25 per share, in 2011's first quarter."

    More pressing for them is the fact that they cannot start manufacturing tylenol again until early 2013 due to having to rebuild their plants because of bad quality control. Prince's article and the tylenol situation are prime examples of why I smoke weed and don't put any "legal" drugs in my system, ever, unless I have an infection and need anti-biotics.

  3. #3
    Registered User
    jagbender's Avatar


    Join Date
    Sep 2010
    Gender
    Male
    Location
    SW Florida
    Posts
    8,721
    Rep Points
    978025002

    About time!
    Jagbender's battle of the bulge
    The problems we face today are because the people who work for a living are outnumbered by the people who vote for a living

  4. #4
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,355
    Rep Points
    962148245

    Quote Originally Posted by ebn2002 View Post
    Prince's article and the tylenol situation are prime examples of why I smoke weed and don't put any "legal" drugs in my system, ever, unless I have an infection and need anti-biotics.
    I've never had a prescription for anything in my life. i have far more trust in the stuff that mother earth provided us with.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  5. #5
    YOU ME WE
    ELITE MEMBER
    IronAddict's Avatar


    Join Date
    Sep 2008
    Location
    In my skin
    Posts
    10,235
    Rep Points
    2147483647

    And that is a prime example of how this shell game is played. Put out crap drugs and bilk ins. co's for billions of $$$$. Meanwhile, demonizing a harmless and useful little plant. That has neither killed anyone or caused an overdose in anyone...

    Quite the racket this little ruse.



  6. #6
    Senior Member
    ADMINISTRATOR
    Prince's Avatar


    Join Date
    Nov 2000
    Gender
    Male
    Location
    Panama
    Posts
    63,087
    Rep Points
    2147483647

    Quote Originally Posted by ebn2002 View Post
    Prince's article and the tylenol situation are prime examples of why I smoke weed and don't put any "legal" drugs in my system, ever, unless I have an infection and need anti-biotics.





    IronMagLabs 15% Discount Code: Robert15



    IronMag Research 15% Discount Code: Robert15



  7. #7
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,355
    Rep Points
    962148245

    Quote Originally Posted by IronAddict View Post
    And that is a prime example of how this shell game is played. Put out crap drugs and bilk ins. co's for billions of $$$$. Meanwhile, demonizing a harmless and useful little plant. That has neither killed anyone or caused an overdose in anyone...

    Quite the racket this little ruse.
    nothing more than a "manufactured economy" by the gov that supports the police state, the rise of the for profit prison industrial complex and provides plenty of distractions for the sheep.

    the sad thing is it's so painfully obvious what it is, yet there are so many that buy into the bullshit..
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  8. #8
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Posts
    5,528
    Rep Points
    2147483647






    All in the name of making a buck.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

Similar Threads

  1. Replies: 0
    Last Post: 07-02-2011, 12:50 PM
  2. Replies: 0
    Last Post: 07-02-2011, 12:50 PM
  3. Ben Johnson claiming he was set up
    By Prince in forum Open Chat
    Replies: 14
    Last Post: 05-29-2010, 04:32 PM
  4. For my buddy Johnson!
    By Michael D in forum Anabolic Zone
    Replies: 30
    Last Post: 03-22-2004, 02:13 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
DISABLED END -->