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Tag: penalty
South Carolina High Court Further Reduces Penalty on Janssen Pharmaceuticals
2015-07-13 08:59:50| Biotech - Topix.net
South Carolina's highest court further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive marketing of an anti-psychotic drug. The decision was to substitute the same verdict the court reached in February in order to correct a "mathematical calculation and to clarify that the unfair trade practices judgment against [Janssen Pharmaceuticals] is supported by federal law," according to the opinion.
Tags: high
south
court
carolina
SC high court further reduces penalty in drug marketing case
2015-07-08 19:22:31| Biotech - Topix.net
South Carolina's highest court has further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive drug marketing. In 2011, a trial court ordered the drug maker to pay $327 million, saying Janssen broke the law by downplaying to doctors the links between diabetes and Risperdal and by improperly claiming the drug was safer than competing medications.
Tags: high
case
marketing
court
SC high court further reduces penalty in drug marketing case
2015-07-08 19:22:30| Biotech - Topix.net
South Carolina's highest court on Wednesday further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive marketing of an anti-psychotic drug. In its ruling, the state Supreme Court ordered Janssen Pharmaceutica, Inc., to pay about $124 million - more than $200 million less than the original penalty amount.
Tags: high
case
marketing
court
CBA seeks penalty interest against Willmott victims
2015-07-07 09:28:14| Automakers - Topix.net
Commonwealth Bank of Australia is playing hard ball against victims of failed managed investment scheme Willmott Forests, levying penalty interest rates over the period of a long-running class action against the bank, which has doubled the amount owed by some investors. The Federal Court of Australia will decide on July 23 whether to approve the settlement of a class action brought by 3500 investors against Willmott Forests, which is in liquidation, and CBA, which is understood to have lent more than $200 million to investors in the scheme.
Tags: interest
seeks
penalty
victims
Legislation would bar PG&E tax deductions for $1.6 billion penalty in San Bruno explosion
2015-06-27 00:57:16| Energy - Topix.net
PG&E would not be able to harvest a tax windfall from state authorities by taking a tax deduction for a record-setting $1.6 billion penalty because it caused a fatal explosion in San Bruno, under legislation introduced Friday by two Bay Area state lawmakers. In April, the state Public Utilities Commission imposed a $1.6 billion penalty to punish PG&E for its role in the explosion of natural gas, which killed eight and wrecked a quiet San Bruno neighborhood.
Tags: bar
san
tax
legislation
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