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J&J Risperdal Off-Label Settlement Includes Exec Pay Recoupment Provision

 
• By Brenda Sandburg

Janssen subsidiary pleads guilty as part of $2.2 billion deal that also requires audits of sales rep compensation.

The $2.2 billion settlement between the Department of Justice and Johnson & Johnson includes a provision that is emerging as a new standard component in such deals: the company has the right to recoup annual performance pay of executives in the event of misconduct.

The five-year corporate integrity agreement (CIA) signed as part of the deal is the third CIA to include this provision, following those of GlaxoSmithKline PLC Also see "GSK’s DoJ Settlement Requires Execs To Forfeit Bonuses If Misconduct Occurs" - Pink Sheet, 2 July, 2012

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