Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 12,419.90 -160.83 -1.28%
S&P 500 1,313.32 -19.10 -1.43%
Nasdaq 2,837.36 -33.63 -1.17%
Ticker Volume Price Price Delta
STOXX 50 2,132.88 +16.70 0.79%
FTSE 100 5,348.59 +51.31 0.97%
DAX 6,313.69 +32.89 0.52%
Ticker Volume Price Price Delta
Nikkei 8,542.73 -90.46 -1.05%
TOPIX 719.49 -4.13 -0.57%
Hang Seng 18,629.50 -60.70 -0.32%
Gold 1,567.90 +0.14%
EUR-USD 1.2408 0.3308%
Nasdaq 2,837.36 -1.17%
DJIA 12,419.90 -1.28%
S&P 500 1,313.32 -1.43%
FTSE 100 5,348.59 +0.97%
STOXX 50 2,132.88 +0.79%
DAX 6,313.69 +0.52%
Oil (WTI) 88.19 +0.42%
U.S. 10-year 1.642% +0.020
BAC:US 7.20 -3.23%
FB:US 28.19 -2.25%

J&J Unit Cleared of Liability for Alleged Levaquin Injuries in New Jersey

A unit of Johnson & Johnson (JNJ) isn’t responsible for tendon damage suffered by two New Jersey men who took the drugmaker’s Levaquin antibiotic, a jury found.

The state court jury in Atlantic City, New Jersey, deliberated about eight hours over two days before clearing J&J’s Ortho-McNeil-Janssen Pharmaceutical unit of liability for Paul Gaffney’s and Robert Beare’s injuries. The two men contend their Achilles tendon snapped after they took Levaquin to treat respiratory infections.

It’s the company’s second win in a Levaquin case. In June, a Minnesota jury rejected a man’s claim that the antibiotic caused his Achilles injury. Another Minnesota jury in December 2010 awarded another former Levaquin user a total of $1.8 million in damages over his tendon injury.

“The evidence showed Ortho-McNeil-Janssen Pharmaceuticals properly informed of the benefits and risks associated with the use of Levaquin and that the company acted responsibly by providing appropriate and timely information about” the drug, William Foster, a spokesman for the J&J unit, said in an e- mailed statement.

Levaquin, which generated more than $1 billion in sales over an eight-year period starting in 2000, was J&J’s third- largest selling product at one point. In 2008, the U.S. Food and Drug Administration required all makers of antibiotics in Levaquin’s class to beef up warnings about tendon ruptures.

‘Obviously Disappointed’

Regulators required the upgraded warnings after finding that the antibiotics increased the risk of tendon ruptures to three to four times that of the general population, FDA officials said.

J&J faces more than 2,600 claims in U.S. courts blaming Levaquin for causing users’ tendon damage, court dockets show.

“We’re obviously disappointed with the verdict,” Andy Alonso, a lawyer for Gaffney and Beare, said in an interview after the panel announced its decision. “We felt the evidence was clear that the warnings were flawed. The jury felt otherwise.”

Both Gaffney, 67, and Beare, 72, got Levaquin prescriptions to deal with sinus infections that developed into bronchitis, their lawyers told jurors during the trial. Both men wound up with Achilles-tendon injuries that left them unable to walk and required surgery.

Adequate Warning

Lawyers for the plaintiffs argued that officials of the J&J unit knew Levaquin posed the highest risk of tendon damage of all the antibiotics in its class and failed to include that information on the drug’s warning label. That failure meant patients and doctors didn’t have an adequate warning of the antibiotics health risks, they alleged.

Attorneys for the J&J unit countered that federal regulators didn’t require such “comparative risk” information in drug labels. In addition, the drugmaker included warnings about Levaquin’s potential effects on tendons on labels stretching back to 1996, they added.

Jurors voted 8-1 in finding the J&J unit’s Levaquin warnings were proper. Even if they had ruled against the drugmaker, Judge Carol Higbee had barred the panel from considering punitive damages in the case under New Jersey law.

The case is Beare v. Johnson & Johnson, L-196-10-MT, Superior Court of New Jersey for Atlantic County (Atlantic City).

To contact the reporter on this story: Jef Feeley in Wilmington, Delaware, at jfeeley@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
30-Year Fixed 3.76% 3.81%
15-Year Fixed 3.07% 3.05%
5/1-Year ARM 2.64% 2.71%
3/1 Year ARM 2.64% 2.67%
1-Year ARM 3.55% 2.78%
30 Year Jumbo 4.38% 4.42%
15-Year Fixed Jumbo 3.60% 3.63%
5/1-Year ARM Jumbo 2.89% 2.89%

Rates may include points.

See today’s average home equity rates across the country. Source: Bankrate.com
Type Today 1 Mo
30000 USD 6.42% 6.40%
Home Equity Loan 7.01% 7.47%
HELOC 30000 USD 5.53% 5.47%
HELOC Loan 3.95% 3.63%
Credit Union HELOC 4.30% 4.35%
See today’s average savings rates across the country. Source: Bankrate.com
Type Today 1 Mo
5-Year 1.49% 1.49%
2-Year 0.90% 0.90%
6-Month 0.52% 0.52%
1-Month 0.11% 0.11%
5-Year Jumbo 1.49% 1.49%
2-Year Jumbo 0.87% 0.90%
1-Year Jumbo 0.72% 0.75%
6-Month Jumbo 0.48% 0.48%
1-Month Jumbo 0.11% 0.11%
See today’s average auto loan rates across the country. Source: Bankrate.com
Type Today 1 Mo
New 36 Month 3.09% 3.16%
New 48 Month 3.88% 3.28%
New 60 Month 3.32% 3.49%
Used 4.33% 4.37%
See today’s average credit card rates across the country. Source: Bankrate.com
Type Today 1 Mo
Standard Variable 14.10% 14.10%
Standard Fixed 14.43% 14.43%
Gold Variable 12.59% 12.59%
Gold Fixed 11.99% 11.99%
Platinum Variable 14.69% 14.74%
Platinum Fixed 13.72% 13.72%
View rates in your area »