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Johnson & Johnson (JNJ) agrees to pay a total of $600K to resolve three lawsuits over...
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Tuesday, August 21, 2012, 8:06 AM ETJohnson & Johnson (JNJ) agrees to pay a total of $600K to resolve three lawsuits over problems caused by its defective ASR hip implants, Bloomberg reports. The cases are the first out of around 8,000 lawsuits to be settled, with J&J facing a bill of up to $2B. The company has already spent $800M on recalls in the past two years.
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