Why Johnson & Johnson Is Paying the Department of Justice Billions
Nov 10th 2013 8:30PM
Updated Nov 10th 2013 8:32PM
From the smallest biotech to the biggest pharmaceutical stock The Motley Fool's Market Check-Up covers the health-care sector's biggest headlines, hottest market movers, and Obamacare's ongoing rollout.
In this segment, health-care analyst David Williamson discusses Johnson & Johnson's massive $2.2 billion settlement with the Department of Justice, amid allegations that the company gave its sales representatives incentive to market the company's antipsychotic drug Risperdal for off-label sales. David looks at just how common these types of allegations and settlements are, and says that despite the worrying headlines, investors shouldn't be concerned.
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The article Why Johnson & Johnson Is Paying the Department of Justice Billions originally appeared on Fool.com.Alison Southwick has no position in any stocks mentioned. David Williamson owns shares of Pfizer, Abbott Labs, And Johnson & Johnson. Follow David on Twitter: @MotleyDavid. The Motley Fool recommends and owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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