Attorney General Dustin McDaniel
said today he will file a petition asking the Arkansas Supreme Court
to reconsider its recent ruling reversing
a judgment of more than $1 billion against Johnson & Johnson
regarding the marketing of the anti-psychotic drug Risperdal
, the AP reports
In 2012, in a major victory for McDaniel at the time, the state was awarded $1.2 billion after the company was found to have misled doctors and patients about dangerous side effects of the drug. The money was slated to go into a trust fund for the private option
. However, in March, the Supreme Court reversed the verdict, eliminating the windfall for the state.
By the way, according to trial testimony, J & J accrued nearly $30 billion in net profits on Risperdal between 1994 and 2010.