J&J Faces 100,000 More Damage Claims After Taking $8 Billion Hit
- Lawsuits mount over drugs, baby powder, hips, medical devices
- J&J defends handling of litigation that could cost $20 billion
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Johnson & Johnson has taken some costly beatings in court this year. And it could get worse.
Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the amount the company pays for the verdict will probably be significantly less, it came on the heels of billions more in 2019 court losses or settlements from damage claims involving baby powder, opioid painkillers and artificial hips.