Texas will receive $61M in Risperdal settlement

Bryan Cohen Apr. 2, 2012, 6:41am


AUSTIN (Legal Newsline) - Texas Attorney General Greg Abbott announced this week that Texas will receive a larger share than initially expected from a $158 million settlement with Johnson & Johnson that was approved by courts on Tuesday.

Johnson & Johnson settled with the state in January to resolve allegations that it fraudulently marketed its Risperdal anti-psychotic drug. The settlement was approved on Tuesday in Travis County District Court. Johnson & Johnson denied any wrongdoing as part of the agreement, Bloomberg reports.

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