Posts Tagged 'hip implants'

Bonuses cut for executives at troubled J&J

According to a story on the Huffington Post, Johnson & Johnson has lowered its planned bonuses for the company’s top executives by 10 percent.

A statement from the company acknowledges “disappointments” from 2012, and resultant damage to the company’s public reputation.

Johnson & Johnson’s annual proxy statement says, in part: “We worked to address several reputational challenges and continue to strive toward regaining the reputational standings that we expect of ourselves and ...

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Buffett sours on Johnson & Johnson

Health care giant Johnson & Johnson’s legal troubles are apparently giving investor Warren Buffett pause, according to a blog item for the Philadelphia Inquirer.

Buffett recently released his annual letter to shareholders of Berkshire Hathaway, and it shows that Berkshire had dropped its holdings of Johnson & Johnson stock to below $1 billion for the first time since the end of 2005.

The blog item notes that Johnson & Johnson has gone ...

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Another DePuy hip trial starts in Chicago

The plaintiff in the second trial over the DePuy Orthopaedics ASR hip implant is seeking punitive damages – indicating “fraud or malice” – as well as compensatory damages, according to Reuters.

The first trial of nearly 11,000 such cases recently concluded in Los Angeles. Although the jury in that case rejected punitive damages, Johnson & Johnson’s DePuy Orthopaedics division must still pay the defendant – a retired prison guard who said ...

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Another trial set for DePuy hip implant

Another trial involving a DePuy Orthopaedics hip implant is set to begin in Illinois, right on the heels of a Los Angeles trial that netted an $8.33 million settlement for the plaintiff, Reuters reports.

In all, nearly 11,000 lawsuits have been filed over the ASR hip implant, which Johnson & Johnson subsidiary DePuy Orthopaedics recalled in 2010 because of their high ...

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Corruption charges filed against DePuy officials

According to a story on Fox News, prosecutors in Greece have filed corruption charges against officials with DePuy Orthopedics, a subsidiary of Johnson & Johnson.

Five unnamed company officials have been charged with money laundering, and paying more than $21.5 million in bribes to Greek doctors, in exchange for the doctors promoting DePuy products.

DePuy is also facing legal trouble in the United States, over charges that the company has engaged in ...

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Hip case exposes unethical doctor conduct

An opinion piece in the New York Times explores an issue that emerged in the course of a trial over DePuy Orthopaedics’ ASR hip implants – doctors who remain silent over harmful medical devices or drugs.

Although experts say doctors have an ethical responsibility to speak out in such cases, they often fail to warn their colleagues, the New York Times reports.

In the case of DePuy Orthopaedics, a subsidiary of Johnson ...

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