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.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.