Johnson & Johnson settles suit with Texas

Johnson & Johnson settles suit with Texas
News
Thursday, January 19, 2012 - 11:52am

A Johnson & Johnson subsidiary says a lawsuit that Texas filed against the health care giant has been settled for $158 million.

Texas had been seeking up to $1 billion from the drug maker.

Janssen Pharmaceuticals, Inc., one of the J&J subsidiaries that had been sued, says in a statement it will pay $158 million in full resolution of all claims in Texas.

The settlement represents a resolution to claims brought by the State in 2004 for alleged Medicaid overpayment during the years 1994-2008, and will circumvent potentially lengthy and costly appellate activities.
Copyright © 2012 The Associated Press. All rights reserved.

 

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