Sell (Johnson & Johnson) Mortimer... Sell!!!

[Scout]

Judge In Opioid Trial Rules Johnson & Johnson Must Pay Oklahoma $572 Million

One. State.

Whoa

 

[Michael_ Gee]

Odds anybody in Oklahoma sees a nickel from J&J are not good. Odds the current Supreme Court eventually sets the verdict aside are very good. In after hours trading, J&J stock went UP five percent on news of the verdict.

 

[Starman]

"You asshole!"

 

[Oggiedoggie]

J&J was sued for $17 billion. $572 million might not seem to be all that much.

 

[Shropshire Slasher]

J&J was sued for $17 billion. $572 million might not seem to be all that much.

Multiply by 50.

The main reason nobody will see a dime for years and years is J&J will file for bankruptcy.

 

[Michael_ Gee]

These suits do not do a thing. Criminal penalties in which CEOs and executives spend years and years in prison might make a difference, but that will never happen. The idea we live in a country where no one is above the law is so obviously a lie nobody even bothers to say it anymore.

 

[DanielSimpsonDay]

These suits do not do a thing. Criminal penalties in which CEOs and executives spend years and years in prison might make a difference, but that will never happen. The idea we live in a country where no one is above the law is so obviously a lie nobody even bothers to say it anymore.

Yup.

Risperdal, metal-on-metal hips, pelvic mesh, talcum powder...the JNJ credo isn't worth wiping ass with.

 

[Evil ... Thy name is Orville Redenbacher!!]

Judge In Opioid Trial Rules Johnson & Johnson Must Pay Oklahoma $572 Million

One. State.

Whoa

And West Virginia is on-deck!

J&J was sued for $17 billion. $572 million might not seem to be all that much.

It's a ****ing bargain. And i'm sure the deal will be sweetened - paid out installments over X number of years. J&J is hardly alone here.
**** 'em!
**** 'em all!

 

[Starman]

Didn't Johnson & Johnson already rebrand as "The Johnson Company" as the result of one of these huge suits?

 

[DanielSimpsonDay]

Didn't Johnson & Johnson already rebrand as "The Johnson Company" as the result of one of these huge suits?

note: do not google "the johnson company" on a work pc

 

[tapintoamerica]

Biggest shocker is that Oklahoma sued Big Business. Don't they know they're a Trumpist state and that they aren't supposed to do anything except lock black and brown people up?

 

[Starman]

note: do not google "the johnson company" on a work pc

I can only guess.

 

[DanOregon]

Wouldn't be surprised if the opioid industry agreed to a settlement with all of the states - similar to what the tobacco industry did.

 

[Oggiedoggie]

The state’s case was a bit creative: filed as a public nuisance suit in county court. Oklahoma Supreme Court is the next stop for appeal, a court that often disagrees with the state’s policies.

I heard a J&J attorney on NPR this morning question the procedure and evidence. She stressed that the company’s products were not directly linked to any person in Oklahoma who had been harmed, that the company was not in violation of any state or federal laws or rules when the drugs were sold and that the company’s drugs were not available without a prescription from an Oklahoma-licensed doctor.

There seems to be a whole bunch of wiggle room left in the case.

 

[Songbird]

Judge In Opioid Trial Rules Johnson & Johnson Must Pay Oklahoma $572 Million

One. State.

Whoa

The judge -- Thad Balkman -- was on my first soccer team in 1977 in Long Beach.

 

[Shropshire Slasher]

Biggest shocker is that Oklahoma sued Big Business. Don't they know they're a Trumpist state and that they aren't supposed to do anything except lock black and brown people up?

Speeding ticket fines will only pay so many bills.

 

[DanielSimpsonDay]

The judge -- Thad Balkman -- was on my first soccer team in 1977 in Long Beach.

he's never been in my kitchen

 

[TrooperBari]

The state’s case was a bit creative: filed as a public nuisance suit in county court. Oklahoma Supreme Court is the next stop for appeal, a court that often disagrees with the state’s policies.

I heard a J&J attorney on NPR this morning question the procedure and evidence. She stressed that the company’s products were not directly linked to any person in Oklahoma who had been harmed, that the company was not in violation of any state or federal laws or rules when the drugs were sold and that the company’s drugs were not available without a prescription from an Oklahoma-licensed doctor.

There seems to be a whole bunch of wiggle room left in the case.

If anyone's curious about the theories around the case, Opening Arguments did a deep dive on it and the notion of "public nuisance" a little while ago. The Oklahoma segment starts at 17:30 into the episode.
https://openargs.com/oa292-the-end-of-democracy/

 

[Tarheel316]

Biggest shocker is that Oklahoma sued Big Business. Don't they know they're a Trumpist state and that they aren't supposed to do anything except lock black and brown people up?

Could be just for show. They have to know the Republican Supreme Court will reverse it.

 

[Scout]

Purdue Pharma 'offers up to $12bn' to settle opioid cases Purdue 'offers up to $12bn' to settle opioid cases

12 billion.

Lord, what should they really pay?