A judge in Oklahoma ruled today that Johnson & Johnson was responsible for fueling the state's opioid epidemic and will have to pay $572 million in damages — far less than the $17 billion the state had demanded. J&J said it would appeal the decision.
Why it matters: This is a groundbreaking ruling and a potentially ominous harbinger for the opioid companies and distributors at the heart of the enormous national lawsuit pending before an Ohio judge.