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Johnson & Johnson (JNJ) to Pay $2.2 Billion to End Risperdal Sales Probe


6/11/2012 6:51:11 AM

Johnson & Johnson (JNJ) (JNJ) has agreed to pay as much as $2.2 billion to settle U.S. probes of the marketing of its Risperdal antipsychotic drug and other medications, two people familiar with the negotiations said. The settlement, which might be announced this week, will include a misdemeanor plea and criminal penalty of as much as $600 million, said the people, who didn’t want to be identified because they weren’t authorized to speak publicly about the agreement. The accord also would resolve civil claims that J&J paid kickbacks to Omnicare Inc. (OCR) (OCR), a company that dispenses drugs at nursing homes, the people said.

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