policy perspective, ag, why did this case matter and what is the statement it makes to america? the statement it makes to america is, if you can put a team together that s talented, that s committed, that s courageous, that s willing to spend two years plowing through the records of this monstrous company, i think their market cap is over $300 billion, and you re willing to go to court, you re willing to face off with the legal team that they put together, and i guarantee you, they spent millions of dollars on their legal team, you can win. so i m very proud of my team. we proved to the judge, chris, that johnson & johnson was the cause of the epidemic. they were behind the stream of commerce from the start to the finish. their poppy farm in tasmania furnished 60% of the active pharmaceutical ingredient for the rest of the industry. they misrepresented their products. they misrepresented the industry s products.
you re willing to go to court, you re willing to face off with the legal team that they put together, and i guarantee you, they spent millions of dollars on their legal team, you can win. so i m very proud of my team. we proved to the judge, chris, that johnson & johnson was the cause of the epidemic. they were behind the stream of commerce from the start to the finish. their poppy farm in tasmania furnished 60% of the active pharmaceutical ingredient for the rest of the industry. they misrepresented their products. they misrepresented the industry s products. they mismarketed their products and the judge has held them responsible. we re going to be able to put almost $1 billion to this problem in oklahoma with the other two settlements. so we re happy with the verdict. obviously, we would have liked more, but we re very happy with the judge, again, finding that johnson & johnson was culpable for what s happened in oklahoma. ag, two big terms that came out of this. and then we ll get
are you really hopeful on a very important part. that will be the longest part of today s hearing. in addition to that, it is realistic scale, do you believe totally possible that the judge that this is sending a strong here may ask questions of federal prosecutors as well as message? jeffrey epstein s own defense i do. and the analysts that are attorneys about his death, the moments leading up to it. providing advice about this so we might get more details decision being positive need to with that today. go back to business school. so those will be the two main components of this hearing this decision stands for a, and scheduled by the judge. represents a template for the the statements of the victims rest of the country for 50 states for the 2,000 plaintiffs will really represent victim in the mdl in cleveland. impact statements, excuse me. so i think that it s been basically these are the type of seriously misread. statements we would get in but these companies, opioid sentencing
settled out of court and denied any wrongdoing. for parents like tonya ratcliffe who foster and adopted children with substance abuse issues is this ruling is i a win. . hopefully addiction can be conquered and will be conquered. just last hour, the oklahoma attorney general had something interesting to say about johnson & johnson. let s take a listen to that. these companies, opioid manufacturers, conduct was in tkweusable. johnson & johnson was the kingpin. that was, again, a product of our research, our discovery. they began this by buying a poppy farm down in australia and supplying 60% of the active pharmaceutical ingredient for these drugs for the rest of the manufacturing industry in this country. so do you think the attorney general s case is now going to serve as part of a template for all of those other lawsuits?
the better counterfeiters might put in 10, 20, even 30% of the active pharmaceutical ingredient that s supposed to be in the medicine. reporter:. the pfizer lab in connecticut tests thousands of pfizer products and packaging a year. it s found fake cancer medicine, fake vaccine, fake heart and cholesterol drugs, even fake chapstick. they ll start with the packaging, do a number of tests to see authentic versus the counterfeit or versus the questionable one, and if the packaging doesn t demonstrate that it s counterfeit, then they actually go to the medicine itself. this is an audio clip that pfizer gathered as part of an undercover investigation. we can still make 50,000 pills a month. wow. and that s by hand. the company shares the information with law enforcement, which then conducts the actual raids and makes arrests. those counterfeiters were caught, but plenty are not.