Feds Reject J&J’s $1 Billion Drug Settlement

The Wall Street Journal: J & J's Drug Settlement For $1 Billion Is Rejected
Prosecutors in Washington, D.C., have rejected a roughly $1 billion proposed settlement to resolve allegations that Johnson & Johnson promoted the antipsychotic drug Risperdal for unapproved uses, according to people familiar with the matter. J&J and the federal prosecutors in Philadelphia who had reached the tentative deal now must go back to the drawing board, because the officials in Washington are seeking a larger settlement, the people said (Rockoff and Lublin, 3/9).