Record Payout for Johnson & Johnson Whistleblowers

CNN Money  reports that authorities reached a $2.2 billion settlement with pharmaceutical company Johnson & Johnson in November, allotting $167.7 million to a group of whistleblowers .


According to documents and wire recordings produced by current and former employees, the company “marketed drugs for unapproved uses and gave kickbacks to doctors and nursing homes.”  As a result, Attorney General Eric Holder says executives “lined their pockets at the expense of American taxpayers, patients and the private insurance industry.”


The Justice Department says that the nearly $168 million award is one of the largest in U.S. history.  It will be split among whistleblowers in several states, including a $28 million portion that will go to Joe Strom for originally bringing the suit in 2005.


For more on this, see the CNN Money article by Gregory Wallace.


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