J&J settles with Ohio counties ahead of opioid trial

The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company's listing at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid/Files - Copyright BRENDAN MCDERMID(Reuters)

By Reuters

Published on 02/10/2019 - 06:34•Updated 27/04/2024 - 06:45

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(Reuters) - Johnson & Johnson <JNJ.N> said on Tuesday it settled with two Ohio counties, ahead of an opioid trial scheduled to begin on Oct. 21.

The company will make a combined $10 million settlement payment to the counties of Cuyahoga and Summi, it said in a statement, adding that the settlement removes it from the federal trial.

J&J will also reimburse $5 million of the counties' legal and other expenses incurred in preparation for the trial, it added.

(Reporting by Shubham Kalia in Bengaluru; Editing by Muralikumar Anantharaman)

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