Oklahoma judge finds J&J guilty for its role in the opioid epidemic — but shares spike on $572M fine
An Oklahoma judge on Monday found pharma giant J&J guilty of helping lay the groundwork on a nationwide epidemic of opioid addiction, but only fined the company $572 million — at the very bottom of the range analysts had set, which stretched up into the billions.
The closely watched outcome will help calibrate estimates of just what kind of liability the multinational company faces for an epidemic the CDC says has cost the lives of hundreds of thousands of people throughout the country.
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