Defective or dangerous products are the cause of thousands of injuries every year in the United States. Product liability refers to a manufacturer or seller being held liable for placing a defective product into the hands of consumers. Lawyers at the Jacob Fuchsberg Law Firm help safeguard the public by filing lawsuits and fighting to hold pharmaceutical corporations accountable for their defective products that... cause significant injuries to consumers.
In recent years, pharmaceutical-drug-based product liability claims against Fortune 500 pharmaceutical corporations have significantly increased. Johnson & Johnson is currently facing a whirlwind of lawsuits on multiple drugs, devices and over the counter products they manufactured.An article in Bloomberg Businessweek indicated that Johnson & Johnson was responsible for six of the seven largest product-defect verdicts of 2016, and 2017 could end up costing the corporation hundreds of millions of dollars. The trial losses for Johnson & Johnson included the following verdicts: $72 million for Talcum Powder; $502 million for hip implants; $55 million for talcum powder; $70 million for Risperdal; $70 million for talcum powder; and $1 billion for hip implants. https://www.bloomberg.com/news/articles/2017-03-09/the-lawsuits-keep-coming-for-johnson-johnsonThe total number of pending claims against Johnson & Johnson is over 100,000 and the company is facing at least 17 trials in state and federal courts this year. The claims are for a variety of products, such as 1) the use of the blood thinner Xarelto, which causes uncontrolled bleedings; 2) the use of talcum powder, which causes ovarian cancer; 3) the use of the antipsychotic drug Risperdal, which causes boys to develop female breasts; and 4) the use of faulty hip implants and vaginal mesh.Investors are worried that a continued winning streak will put Johnson & Johnson at a risk for even bigger losses and hurt corporate profits. However, manufacturers such as Johnson & Johnson have a duty to appropriately test the drugs and medicines before releasing them into the market.Call the Jacob Fuchsberg Law Firm 212-869-3500 if you have been injured by a pharmaceutical drug you used. It is important to know your rights and whether you may be entitled to compensation for your medical expenses, pain and suffering, and more. We can help when the unimaginable happens.