J&J liable for $572 million in Oklahoma opioid epidemic trial, but shares surge

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J&J liable for $572 million in Oklahoma opioid epidemic trial, but shares surge
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Oklahoma judge finds Johnson & Johnson liable in opioid epidemic, ordering $572 million damages

Still, J&J said it would appeal, and seek to put payment of the award on hold during the appeal process.

Oklahoma alleged that J&J’s marketing practices helped fuel the opioid epidemic by flooding the market with painkillers. The trial came after Oklahoma had resolved claims against OxyContin maker Purdue Pharma LP in March for $270 million and against Teva in May for $85 million, leaving J&J as the lone defendant.

Some plaintiffs’ lawyers have compared the opioid cases to litigation by states against the tobacco industry that led to a $246 billion settlement in 1998. The state’s lawyers called J&J an opioid “kingpin” and argued that its marketing efforts created a public nuisance as doctors over-prescribed the drugs, leading to a surge in overdose deaths in Oklahoma.

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