From around September of last year right up until the ball dropped New Year’s Eve, you couldn’t go a day without hearing someone lament just how terrible the year wound up being. From celebrity deaths and other shocking world events to an increasingly hostile political environment, 2016 was the year that everyone simply wanted to forget.
The corporate world had its share of upheaval as well, but continue reading...
Both sides made their case and the decision was left to the jury. That jury came back with its decision and a very powerful message. $30 million was to paid by Johnson & Johnson for damages sustained by the plaintiffs after receiving Pinnacle hip replacement implants. An additional $1 billion was to be paid in punitive damages.
That verdict was just one in a series of losses for the medical ...
continue reading...The Pinnacle hip implant, last sold by Johnson & Johnson in 2013, still appears to have the full faith of the healthcare giant behind it. After going to trial and losing on multiple occasions, J&J is now questioning the fairness of the latest verdict given by a jury; a verdict that called for $1 billion in punitive damages to be levied against the ...
“You got to know when to hold ‘em. Know when to fold ‘em. Know when to walk away, and know when to run.”
It’s pretty obvious that no one at Johnson & Johnson knows the words to Kenny Rodgers’ timeless advice-giving anthem “The Gambler.” If they did, they might have considered that pressing their defense of the Pinnacle hip replacement implant may lead them to another loss. In ...
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