100,000 Reasons Why Johnson & Johnson Wants to Forget 2016

JNJ Trial Losses of 2016

The number of lawsuits is staggering. So is the amount of money Johnson & Johnson has been ordered to pay to people who were injured.

In 2016, the company lost six of the seven largest product injury verdicts in the United States. Those big trial losses include:

The company’s most recent filing with the U.S. Securities and Exchange Commission reported nearly 103,000 lawsuits involving five products: Vaginal mesh (54,800), Risperdal (18,500), Xarelto (16,900), Pinnacle hip implants (9,400), and talcum powder (3,100).

The lawsuits involve different products, but all claim that Johnson & Johnson knew the products were dangerous and downplayed risks, putting corporate profits over public safety.

Here’s one example: Alex Gorsky was in charge of marketing Risperdal at Johnson & Johnson. His strategy downplayed side effects, encouraged “off-label” use in children, lobbied states to buy Risperdal over equally-effective inexpensive generics, and paid kickbacks to Omnicare for prescribing Risperdal in nursing homes.

The company paid $2.2 billion in fines to the Justice Department for some of this illegal conduct in 2013, but Risperdal generated over $30 billion during Gorsky’s tenure. For his success, Gorsky was rewarded with a CEO as Johnson & Johnson, where he remains today.

Source: Why Johnson & Johnson Would Like to Forget 2016: QuickTake Q&A