Johnson & Johnson was recently asked by a jury in the state of California to pay $5.7 million in damages to settle a lawsuit pertaining to transvaginal meshes. Less than a month ago, it was announced that Boston Scientific will pay $600 million to J&J to settle a lawsuit related to the acquisition of Guidant Corp. At the end of 2013, a court ruled that J&J will have to pay $2.5 billion in damages to settle hip implant lawsuits. While in some cases the company has won, its financial statements suggest that the net outflow of cash pertaining to litigation expenses is significant.
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