Wednesday, 6 November 2013

168 million payout to Johnson & Johnson whistleblowers.




The $167.7 million award is one of the largest whistleblower awards in U.S. history. It will be divided among an unspecified number of whistleblowers in three states, according to the Justice Department.

The $2.2 billion settlement between Johnson & Johnson (JNJ, Fortune 500) and authorities settles charges that J&J marketed drugs for unapproved uses and gave kickbacks to doctors and nursing homes. Attorney General Eric Holder said Johnson & Johnson and two subsidiaries lined their pockets at the expense of American taxpayers, patients and the private insurance industry.  Read more.

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