Johnson & Johnson (JNJ) agrees to pay a total of $600K to resolve three lawsuits over...

|About: Johnson & Johnson (JNJ)|By:, SA News Editor

Johnson & 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.