JNJ / what is new & litigation specifics - increased risk of punitive damages?
So I wonder what is the news? Is it their knowledge of not only the possibility, but of test results of asbestos in their product?
Moreover, I have absolutely no idea about mining and testing standards, but how even/uneven is asbestos distributed within an ore streak & would this combination of samples be ok?
Somewhat the above sounds a little weasely to me (hourly sampling, but testing once a fortnight/month. Juxtaposition of past testing procedures vs. todays requirement of no asbestos being detected).
Martin Shkreli on his blog thinks the market reaction to be excessive and justifies this with a comparison to MRK/Vioxx. Still, is this comparison correct? I wonder whether the news is ~ "proof of willingly release a product with asbestos" instead of negligence and whether this could mean punitive damages (which to my superficial search have not systematically been awarded in the Vioxx case?)?
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