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Johnson & Johnson subsidiary says settles Texas drug lawsuit for $158 million
AUSTIN, Texas (AP) ' 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.